Arko (NASDAQ:ARKO) Price Target Raised to $5.00

Arko (NASDAQ:ARKO) had its target price upped by BMO Capital Markets from $4.50 to $5.00 in a report published on Monday morning,Benzinga reports. They currently have a market perform rating on the stock.

Several other research firms have also recently weighed in on ARKO. Stifel Nicolaus cut Arko from a “buy” rating to a “hold” rating and decreased their price target for the stock from $8.50 to $7.50 in a research note on Thursday, February 27th. Capital One Financial began coverage on Arko in a research report on Thursday, May 8th. They set an “overweight” rating and a $8.00 price objective for the company. Finally, Raymond James reduced their price objective on Arko from $11.00 to $10.00 and set a “strong-buy” rating for the company in a research report on Friday, May 9th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $7.35.

Arko Stock Down 0.2%

ARKO stock opened at $5.25 on Monday. Arko has a 1-year low of $3.51 and a 1-year high of $7.84. The business has a fifty day moving average price of $4.12 and a 200-day moving average price of $5.82. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.63 and a quick ratio of 1.13. The stock has a market capitalization of $602.07 million, a P/E ratio of 32.81 and a beta of 0.72.

Arko (NASDAQ:ARKO) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.05. Arko had a return on equity of 8.88% and a net margin of 0.27%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.85 billion. Equities analysts forecast that Arko will post 0.2 earnings per share for the current fiscal year.

Arko Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Monday, May 19th. Arko’s payout ratio is 400.00%.

Institutional Trading of Arko

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in Arko in the fourth quarter worth about $53,000. Tower Research Capital LLC TRC increased its position in Arko by 90.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company’s stock worth $64,000 after buying an additional 4,639 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Arko in the fourth quarter worth about $66,000. Victory Capital Management Inc. purchased a new stake in Arko in the fourth quarter worth about $66,000. Finally, Ameriprise Financial Inc. purchased a new stake in Arko in the fourth quarter worth about $68,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

About Arko

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.