Brokerages Set ARKO Corp. (NASDAQ:ARKO) Price Target at $7.13

Shares of ARKO Corp. (NASDAQ:ARKO) have earned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $7.1250.

Several research analysts have commented on the company. Wall Street Zen raised ARKO from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of ARKO in a report on Monday, December 29th. Finally, Zacks Research cut ARKO from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th.

ARKO Price Performance

ARKO stock opened at $5.02 on Monday. The firm has a fifty day moving average of $4.68 and a 200-day moving average of $4.62. ARKO has a 52-week low of $3.51 and a 52-week high of $7.84. The company has a quick ratio of 1.18, a current ratio of 1.62 and a debt-to-equity ratio of 3.93. The firm has a market capitalization of $559.38 million, a P/E ratio of 45.64 and a beta of 0.86.

ARKO (NASDAQ:ARKO) last posted its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). ARKO had a net margin of 0.24% and a return on equity of 6.95%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. As a group, analysts predict that ARKO will post 0.2 EPS for the current year.

ARKO Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a $0.03 dividend. The ex-dividend date was Monday, November 17th. This represents a $0.12 annualized dividend and a dividend yield of 2.4%. ARKO’s dividend payout ratio is 109.09%.

Hedge Funds Weigh In On ARKO

A number of institutional investors have recently added to or reduced their stakes in ARKO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of ARKO by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,838 shares of the company’s stock valued at $189,000 after acquiring an additional 2,028 shares in the last quarter. Significant Wealth Partners LLC boosted its holdings in ARKO by 12.7% in the third quarter. Significant Wealth Partners LLC now owns 21,719 shares of the company’s stock valued at $99,000 after purchasing an additional 2,453 shares during the last quarter. SG Americas Securities LLC grew its stake in ARKO by 30.9% during the 4th quarter. SG Americas Securities LLC now owns 13,225 shares of the company’s stock valued at $60,000 after purchasing an additional 3,124 shares in the last quarter. Creative Planning grew its stake in ARKO by 37.9% during the 2nd quarter. Creative Planning now owns 15,156 shares of the company’s stock valued at $64,000 after purchasing an additional 4,163 shares in the last quarter. Finally, Nebula Research & Development LLC increased its holdings in ARKO by 13.0% during the 2nd quarter. Nebula Research & Development LLC now owns 45,289 shares of the company’s stock worth $192,000 after purchasing an additional 5,220 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

ARKO Company Profile

ARKO Corp (NASDAQ: ARKO) is a downstream energy and convenience retail company based in Matthews, North Carolina. The company’s core operations encompass fuel supply, distribution and retailing through a network of terminals, independent dealer locations and company-operated convenience stores. ARKO’s fuel offerings include branded and unbranded gasoline and diesel, as well as lubricants and other petroleum products marketed under various regional and private labels.

In its retail segment, ARKO operates a portfolio of convenience stores under the Kangaroo Express banner, serving on-site customers with fuel, grab-and-go food items, beverages and everyday household essentials.