ARKO (NASDAQ:ARKO) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of ARKO (NASDAQ:ARKO - Free Report) from a hold rating to a sell rating in a research note issued to investors on Friday.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial dropped their target price on ARKO from $11.00 to $10.00 and set a "strong-buy" rating for the company in a research report on Friday, May 9th. Capital One Financial began coverage on ARKO in a research report on Thursday, May 8th. They set an "overweight" rating and a $8.00 target price for the company. Finally, BMO Capital Markets boosted their target price on ARKO from $4.50 to $5.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. One analyst has rated the stock with a sell rating, three have given 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, the stock has an average rating of "Hold" and a consensus price target of $7.35.

ARKO Price Performance

Shares of ARKO stock traded up $0.18 during midday trading on Friday, hitting $4.52. 116,149 shares of the company were exchanged, compared to its average volume of 480,539. The company has a debt-to-equity ratio of 4.21, a current ratio of 1.55 and a quick ratio of 1.08. The firm has a market cap of $517.78 million, a P/E ratio of 150.50 and a beta of 0.73. ARKO has a 52 week low of $3.51 and a 52 week high of $7.84. The firm has a 50 day simple moving average of $4.56 and a 200-day simple moving average of $5.03.

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

Institutional Investors Weigh In On ARKO

A number of institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in ARKO by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,810 shares of the company's stock valued at $302,000 after acquiring an additional 1,572 shares during the period. Neuberger Berman Group LLC grew its stake in ARKO by 4.7% in the first quarter. Neuberger Berman Group LLC now owns 48,010 shares of the company's stock valued at $190,000 after acquiring an additional 2,136 shares during the period. Charles Schwab Investment Management Inc. grew its stake in ARKO by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 748,109 shares of the company's stock valued at $2,955,000 after acquiring an additional 3,972 shares during the period. Tower Research Capital LLC TRC grew 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 period. Finally, Teton Advisors Inc. grew its stake in ARKO by 5.0% in the fourth quarter. Teton Advisors Inc. now owns 105,000 shares of the company's stock valued at $692,000 after acquiring an additional 5,000 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

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.