ARKO Corp. (NASDAQ:ARKO) Receives Average Rating of “Hold” from Brokerages

ARKO Corp. (NASDAQ:ARKO) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $7.00.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of ARKO in a research report on Monday, December 29th.

ARKO Price Performance

Shares of ARKO stock opened at $5.65 on Friday. The firm has a market capitalization of $626.53 million, a PE ratio of 40.36 and a beta of 0.86. The company has a current ratio of 1.66, a quick ratio of 1.22 and a debt-to-equity ratio of 4.02. ARKO has a 12 month low of $3.51 and a 12 month high of $6.70. The business’s 50-day moving average price is $5.82 and its 200-day moving average price is $5.01.

ARKO (NASDAQ:ARKO) last released its earnings results on Wednesday, February 25th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.81 billion. ARKO had a return on equity of 8.58% and a net margin of 0.30%. Sell-side analysts forecast that ARKO will post 0.2 EPS for the current fiscal year.

ARKO Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 10th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.12 annualized dividend and a dividend yield of 2.1%. ARKO’s dividend payout ratio (DPR) is currently 85.71%.

Insider Buying and Selling

In other ARKO news, CFO Charles Galagher Jeff bought 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average price of $5.07 per share, for a total transaction of $202,800.00. Following the transaction, the chief financial officer directly owned 40,000 shares in the company, valued at $202,800. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 22.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lee Financial Co purchased a new stake in ARKO during the 3rd quarter valued at about $891,000. Phoenix Financial Ltd. grew its position in ARKO by 20.4% during the 3rd quarter. Phoenix Financial Ltd. now owns 7,309,430 shares of the company’s stock worth $33,404,000 after acquiring an additional 1,239,512 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in ARKO in the 3rd quarter worth approximately $2,444,000. Teton Advisors LLC bought a new stake in ARKO in the third quarter valued at approximately $594,000. Finally, Significant Wealth Partners LLC lifted its position 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. 78.29% of the stock is owned by institutional investors.

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.