Arko Corp. (NASDAQ:ARKO – Get Free Report) was down 2.5% during trading on Thursday . The company traded as low as $6.14 and last traded at $6.15. Approximately 27,649 shares traded hands during trading, a decline of 93% from the average daily volume of 378,267 shares. The stock had previously closed at $6.31.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Arko from $5.00 to $6.25 and gave the stock an “equal weight” rating in a research report on Thursday, August 8th. BMO Capital Markets decreased their price target on shares of Arko from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Thursday, May 9th.
Arko Price Performance
The company has a market capitalization of $711.83 million, a price-to-earnings ratio of 23.92 and a beta of 0.45. The company has a quick ratio of 1.01, a current ratio of 1.53 and a debt-to-equity ratio of 4.13. The company has a 50 day simple moving average of $6.21 and a 200 day simple moving average of $5.96.
Arko (NASDAQ:ARKO – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Arko had a net margin of 0.39% and a return on equity of 13.20%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the firm earned $0.11 earnings per share. As a group, research analysts predict that Arko Corp. will post 0.54 EPS for the current year.
Arko Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $0.12 annualized dividend and a yield of 1.95%. Arko’s dividend payout ratio is currently 46.15%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of ARKO. Vanguard Group Inc. raised its holdings in shares of Arko by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 3,828,020 shares of the company’s stock valued at $21,820,000 after buying an additional 82,831 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of Arko during the fourth quarter valued at approximately $104,000. Price T Rowe Associates Inc. MD lifted its position in shares of Arko by 15.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,216 shares of the company’s stock worth $133,000 after purchasing an additional 3,092 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Arko in the second quarter valued at $764,000. Finally, Principal Financial Group Inc. acquired a new stake in Arko during the 1st quarter valued at $61,000. Institutional investors and hedge funds 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.