ARKO (NASDAQ:ARKO) Upgraded at Zacks Research

ARKO (NASDAQ:ARKOGet Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Several other research analysts have also issued reports on the company. Wall Street Zen upgraded ARKO from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings upgraded ARKO from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, ARKO presently has an average rating of “Buy” and a consensus target price of $6.50.

Get Our Latest Stock Analysis on ARKO

ARKO Stock Up 2.4%

Shares of ARKO stock opened at $6.87 on Thursday. The stock has a market cap of $770.68 million, a P/E ratio of 36.16 and a beta of 0.94. ARKO has a one year low of $3.71 and a one year high of $7.07. The stock has a fifty day moving average price of $5.91 and a 200 day moving average price of $5.30. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.66 and a quick ratio of 1.22.

ARKO (NASDAQ:ARKOGet Free Report) last issued its earnings results on Thursday, May 7th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.09. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.65 billion. ARKO had a return on equity of 10.72% and a net margin of 0.38%.During the same period last year, the business earned ($0.12) earnings per share. Analysts predict that ARKO will post 0.26 earnings per share for the current year.

Insider Buying and Selling at ARKO

In other ARKO news, CFO Charles Galagher Jeff bought 40,000 shares of the stock in a transaction dated Tuesday, March 17th. The stock was bought at an average cost of $5.07 per share, for a total transaction of $202,800.00. Following the completion of the purchase, the chief financial officer owned 40,000 shares in the company, valued at $202,800. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 22.50% of the company’s stock.

Institutional Trading of ARKO

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Phoenix Financial Ltd. increased its stake in shares of ARKO by 20.4% in the third quarter. Phoenix Financial Ltd. now owns 7,309,430 shares of the company’s stock valued at $33,404,000 after buying an additional 1,239,512 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of ARKO by 0.6% in the third quarter. Vanguard Group Inc. now owns 3,795,048 shares of the company’s stock valued at $17,343,000 after buying an additional 22,532 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of ARKO by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,021,751 shares of the company’s stock valued at $16,800,000 after buying an additional 206,716 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of ARKO by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,903,496 shares of the company’s stock valued at $8,644,000 after buying an additional 7,735 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of ARKO by 18.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,448,758 shares of the company’s stock valued at $6,577,000 after buying an additional 226,591 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting ARKO

Here are the key news stories impacting ARKO this week:

About ARKO

(Get Free Report)

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.

See Also

Receive News & Ratings for ARKO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARKO and related companies with MarketBeat.com's FREE daily email newsletter.