Wall Street Zen Downgrades ARKO (NASDAQ:ARKO) to Sell

ARKO (NASDAQ:ARKO - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Friday.

Several other analysts have also issued reports on ARKO. Capital One Financial began coverage on ARKO in a research note on Thursday, May 8th. They issued an "overweight" rating and a $8.00 target price on the stock. BMO Capital Markets boosted their target price on ARKO from $4.50 to $5.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. Finally, Raymond James Financial lowered their target price on ARKO from $11.00 to $10.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $7.35.

ARKO Stock Down 0.7%

Shares of ARKO stock traded down $0.03 during trading hours on Friday, reaching $4.28. The company had a trading volume of 350,280 shares, compared to its average volume of 481,621. ARKO has a 12 month low of $3.51 and a 12 month high of $7.84. 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 business has a fifty day simple moving average of $4.56 and a 200-day simple moving average of $5.05. The company has a market cap of $490.83 million, a price-to-earnings ratio of 142.67 and a beta of 0.73.

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

Hedge Funds Weigh In On ARKO

Several hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in ARKO by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,810 shares of the company's stock worth $302,000 after buying an additional 1,572 shares in the last quarter. Neuberger Berman Group LLC grew its position in ARKO by 4.7% during the first quarter. Neuberger Berman Group LLC now owns 48,010 shares of the company's stock worth $190,000 after buying an additional 2,136 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in ARKO by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 748,109 shares of the company's stock worth $2,955,000 after buying an additional 3,972 shares in the last quarter. Tower Research Capital LLC TRC grew its position in ARKO by 90.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company's stock worth $64,000 after buying an additional 4,639 shares in the last quarter. Finally, Teton Advisors Inc. grew its position in ARKO by 5.0% during the fourth quarter. Teton Advisors Inc. now owns 105,000 shares of the company's stock worth $692,000 after buying an additional 5,000 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

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.

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