ARKO (NASDAQ:ARKO) Trading Down 5.6% - What's Next?

ARKO Corp. (NASDAQ:ARKO - Get Free Report)'s share price fell 5.6% on Wednesday . The company traded as low as $4.52 and last traded at $4.52. 142,185 shares changed hands during trading, a decline of 71% from the average session volume of 487,927 shares. The stock had previously closed at $4.79.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ARKO. Raymond James Financial cut their price target on shares of ARKO from $11.00 to $10.00 and set a "strong-buy" rating on the stock in a report on Friday, May 9th. Wall Street Zen upgraded shares of ARKO from a "sell" rating to a "hold" rating in a research report on Saturday, June 7th. BMO Capital Markets lifted their price objective on ARKO from $4.50 to $5.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Finally, Capital One Financial assumed coverage on shares of ARKO in a report on Thursday, May 8th. They issued an "overweight" rating and a $8.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.35.

ARKO Stock Performance

The stock's 50-day simple moving average is $4.48 and its 200 day simple moving average is $5.30. The stock has a market capitalization of $500.00 million, a price-to-earnings ratio of 145.33 and a beta of 0.74. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 4.21.

ARKO (NASDAQ:ARKO - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.05. ARKO had a net margin of 0.10% and a return on equity of 3.23%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.85 billion. Analysts expect that ARKO Corp. will post 0.2 earnings per share for the current fiscal year.

ARKO Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Monday, May 19th. ARKO's dividend payout ratio (DPR) is currently 400.00%.

Institutional Investors Weigh In On ARKO

Large investors have recently bought and sold shares of the company. Corton Capital Inc. bought a new stake in ARKO in the first quarter valued at approximately $45,000. Hsbc Holdings PLC acquired a new position in ARKO during the first quarter worth $45,000. PEAK6 LLC acquired a new position in ARKO during the first quarter worth $50,000. Public Employees Retirement System of Ohio acquired a new stake in ARKO in the fourth quarter valued at $53,000. Finally, Tower Research Capital LLC TRC lifted its stake in ARKO by 90.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company's stock valued at $64,000 after acquiring an additional 4,639 shares during the last quarter. Institutional investors own 78.29% of the company's stock.

ARKO Company Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.