BMO Capital Markets Cuts Arko (NASDAQ:ARKO) Price Target to $6.00

Arko (NASDAQ:ARKO - Get Free Report) had its price target decreased by investment analysts at BMO Capital Markets from $7.00 to $6.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a "market perform" rating on the stock. BMO Capital Markets' price objective would suggest a potential upside of 15.61% from the stock's previous close.

Separately, Wells Fargo & Company dropped their price objective on Arko from $7.00 to $5.00 and set an "equal weight" rating on the stock in a report on Friday, April 19th.

Arko Stock Up 3.0 %

Arko stock traded up $0.15 during midday trading on Thursday, reaching $5.19. The company's stock had a trading volume of 556,488 shares, compared to its average volume of 343,982. Arko has a 52-week low of $4.09 and a 52-week high of $8.55. The stock's 50-day simple moving average is $5.27 and its 200-day simple moving average is $6.93. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.54 and a quick ratio of 1.03. The stock has a market capitalization of $600.69 million, a P/E ratio of 20.20 and a beta of 0.36.

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

Insider Buying and Selling at Arko

In other news, major shareholder Morris Willner sold 2,792,631 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $6.76, for a total value of $18,878,185.56. Following the completion of the transaction, the insider now owns 11,683,980 shares in the company, valued at approximately $78,983,704.80. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 21.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ARKO. Principal Financial Group Inc. acquired a new position in shares of Arko during the 1st quarter worth approximately $61,000. Counterpoint Mutual Funds LLC bought a new position in Arko in the 4th quarter valued at approximately $104,000. MQS Management LLC bought a new position in shares of Arko during the third quarter valued at $95,000. Dark Forest Capital Management LP bought a new position in shares of Arko during the third quarter valued at $101,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Arko during the third quarter worth $123,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

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.