ARKO Corp. (NASDAQ:ARKO) Receives $7.00 Average Target Price from Analysts

Shares of ARKO Corp. (NASDAQ:ARKO) have been given an average recommendation of “Hold” by the five analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $7.00.

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of ARKO in a research report on Monday, December 29th. Wall Street Zen raised ARKO from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC raised its position in ARKO by 10.9% during the fourth quarter. Empowered Funds LLC now owns 465,877 shares of the company’s stock worth $2,115,000 after acquiring an additional 45,892 shares during the last quarter. XTX Topco Ltd boosted its stake in ARKO by 22.9% in the 4th quarter. XTX Topco Ltd now owns 23,703 shares of the company’s stock worth $108,000 after buying an additional 4,415 shares during the last quarter. Numerai GP LLC boosted its position in shares of ARKO by 667.0% in the fourth quarter. Numerai GP LLC now owns 126,258 shares of the company’s stock worth $573,000 after acquiring an additional 109,796 shares during the last quarter. Millennium Management LLC grew its stake in shares of ARKO by 148.1% during the 4th quarter. Millennium Management LLC now owns 221,542 shares of the company’s stock valued at $1,006,000 after buying an additional 132,250 shares during the period. Finally, Bridgeway Capital Management LLC grew its position in ARKO by 0.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 721,977 shares of the company’s stock valued at $3,278,000 after acquiring an additional 1,992 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

ARKO Price Performance

Shares of NASDAQ ARKO opened at $5.89 on Tuesday. The company has a debt-to-equity ratio of 4.02, a quick ratio of 1.22 and a current ratio of 1.66. ARKO has a fifty-two week low of $3.51 and a fifty-two week high of $6.70. The stock’s 50-day simple moving average is $5.59 and its 200-day simple moving average is $4.96. The firm has a market capitalization of $653.14 million, a PE ratio of 42.07 and a beta of 0.83.

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

ARKO Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $0.12 dividend on an annualized basis and a yield of 2.0%. ARKO’s dividend payout ratio (DPR) is 85.71%.

About ARKO

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.