ARKO (NASDAQ:ARKO) Rating Lowered to “Sell” at Wall Street Zen

ARKO (NASDAQ:ARKO) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other equities research analysts also recently weighed in on the stock. Raymond James Financial set a $8.00 price target on shares of ARKO and gave the company a “strong-buy” rating in a research report on Friday, August 8th. Zacks Research cut ARKO from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of ARKO in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.13.

ARKO Stock Performance

Shares of ARKO traded up $0.30 during midday trading on Friday, reaching $4.30. 1,055,552 shares of the stock were exchanged, compared to its average volume of 567,785. The stock’s 50 day simple moving average is $4.53 and its 200 day simple moving average is $4.55. The company has a market cap of $484.79 million, a P/E ratio of 53.76 and a beta of 0.78. ARKO has a twelve month low of $3.51 and a twelve month high of $7.84. The company has a quick ratio of 1.11, a current ratio of 1.55 and a debt-to-equity ratio of 4.07.

ARKO (NASDAQ:ARKO) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). ARKO had a return on equity of 5.50% and a net margin of 0.18%.The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2 billion. On average, sell-side analysts expect that ARKO will post 0.2 earnings per share for the current year.

Institutional Trading of ARKO

Institutional investors and hedge funds have recently modified their holdings of the business. Corton Capital Inc. acquired a new stake in ARKO in the first quarter valued at about $45,000. Hsbc Holdings PLC bought a new position in shares of ARKO in the first quarter worth about $45,000. PEAK6 LLC bought a new position in shares of ARKO in the first quarter worth about $50,000. Tower Research Capital LLC TRC boosted its stake in shares of ARKO by 193.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,317 shares of the company’s stock valued at $52,000 after purchasing an additional 8,115 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of ARKO by 131.8% during the 3rd quarter. CWM LLC now owns 12,932 shares of the company’s stock valued at $59,000 after purchasing an additional 7,353 shares during the last quarter. 78.29% of the stock is currently owned by 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.