Arko (NASDAQ:ARKO) Price Target Lowered to $5.00 at Wells Fargo & Company

Arko (NASDAQ:ARKO - Get Free Report) had its target price reduced by equities research analysts at Wells Fargo & Company from $7.00 to $5.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price target would suggest a potential upside of 9.89% from the stock's current price.

Separately, BMO Capital Markets lowered their target price on shares of Arko from $8.00 to $7.00 and set a "market perform" rating for the company in a report on Thursday, February 29th.

Arko Price Performance

Shares of NASDAQ:ARKO traded up $0.06 on Friday, reaching $4.55. The company's stock had a trading volume of 483,203 shares, compared to its average volume of 313,712. Arko has a 52-week low of $4.45 and a 52-week high of $8.74. The company has a market cap of $528.62 million, a P/E ratio of 18.16 and a beta of 0.28. The company has a 50-day simple moving average of $6.25 and a 200 day simple moving average of $7.24. The company has a debt-to-equity ratio of 3.77, a quick ratio of 1.03 and a current ratio of 1.54.

Arko (NASDAQ:ARKO - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.40 billion. Arko had a net margin of 0.37% and a return on equity of 12.32%. During the same quarter last year, the business earned $0.09 EPS. As a group, equities research analysts anticipate that Arko will post 0.09 EPS for the current fiscal year.

Insider Activity at Arko

In related news, major shareholder Morris Willner sold 2,792,631 shares of Arko stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $6.76, for a total transaction of $18,878,185.56. Following the completion of the sale, the insider now owns 11,683,980 shares in the company, valued at approximately $78,983,704.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 32.16% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Arko

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARKO. Tower Research Capital LLC TRC increased its position in Arko by 149.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,004 shares of the company's stock valued at $26,000 after purchasing an additional 1,801 shares during the period. Public Employees Retirement System of Ohio increased its position in Arko by 40.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,172 shares of the company's stock valued at $39,000 after purchasing an additional 1,203 shares during the period. Ensign Peak Advisors Inc purchased a new position in Arko during the 3rd quarter valued at about $72,000. ProShare Advisors LLC purchased a new position in Arko during the 2nd quarter valued at about $85,000. Finally, Rafferty Asset Management LLC purchased a new position in Arko during the 4th quarter valued at about $90,000. Institutional investors own 78.29% of the company's stock.

About Arko

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.