ARKO Corp. (NASDAQ:ARKO – Get Free Report) General Counsel Maury Bricks sold 15,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $7.69, for a total transaction of $115,350.00. Following the completion of the transaction, the general counsel owned 182,841 shares in the company, valued at $1,406,047.29. This trade represents a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
ARKO Trading Up 5.8%
ARKO stock opened at $8.07 on Thursday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.19 and a current ratio of 1.62. The company’s 50-day simple moving average is $6.75 and its 200 day simple moving average is $5.82. ARKO Corp. has a 52 week low of $3.71 and a 52 week high of $8.20. The company has a market capitalization of $905.37 million, a PE ratio of 42.48 and a beta of 0.98.
ARKO (NASDAQ:ARKO – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.09. ARKO had a net margin of 0.38% and a return on equity of 9.10%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the company posted ($0.12) earnings per share. As a group, sell-side analysts anticipate that ARKO Corp. will post 0.29 earnings per share for the current year.
ARKO Dividend Announcement
Analyst Ratings Changes
ARKO has been the topic of several research reports. Weiss Ratings downgraded shares of ARKO from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. Wall Street Zen downgraded shares of ARKO from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Zacks Research upgraded shares of ARKO from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $8.00.
View Our Latest Analysis on ARKO
Institutional Investors Weigh In On ARKO
A number of large investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in ARKO by 106.8% during the first quarter. Bank of America Corp DE now owns 273,251 shares of the company’s stock worth $1,519,000 after buying an additional 141,127 shares in the last quarter. Royal Bank of Canada grew its stake in ARKO by 201.9% during the first quarter. Royal Bank of Canada now owns 6,681 shares of the company’s stock worth $37,000 after buying an additional 4,468 shares in the last quarter. Empowered Funds LLC grew its stake in ARKO by 9.8% during the first quarter. Empowered Funds LLC now owns 511,566 shares of the company’s stock worth $2,844,000 after buying an additional 45,689 shares in the last quarter. Empyrean Capital Partners LP acquired a new stake in ARKO during the first quarter worth about $1,819,000. Finally, Renaissance Technologies LLC grew its stake in ARKO by 152.7% during the first quarter. Renaissance Technologies LLC now owns 80,100 shares of the company’s stock worth $445,000 after buying an additional 48,400 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.
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.
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