Arko (NASDAQ:ARKO) Stock Price Down 4.8%

Arko Corp. (NASDAQ:ARKO)’s stock price traded down 4.8% during trading on Monday . The company traded as low as $5.91 and last traded at $5.97. 94,274 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 386,186 shares. The stock had previously closed at $6.27.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of Arko from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Friday, April 19th. BMO Capital Markets lowered their target price on shares of Arko from $7.00 to $6.00 and set a “market perform” rating for the company in a report on Thursday, May 9th.

Arko Stock Down 8.1 %

The company’s fifty day moving average price is $5.52 and its 200-day moving average price is $6.49. The stock has a market cap of $666.66 million, a P/E ratio of 22.73 and a beta of 0.45. The company has a debt-to-equity ratio of 4.13, a quick ratio of 1.01 and a current ratio of 1.53.

Arko (NASDAQ:ARKO) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.15. Arko had a net margin of 0.39% and a return on equity of 13.20%. The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.11 billion. Equities analysts forecast that Arko Corp. will post 0.54 EPS for the current year.

Arko Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a dividend of $0.03 per share. The ex-dividend date was Friday, May 17th. This represents a $0.12 dividend on an annualized basis and a yield of 2.08%. Arko’s payout ratio is 46.16%.

Institutional Investors Weigh In On Arko

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARKO. Principal Financial Group Inc. purchased a new position in Arko during the 1st quarter valued at about $61,000. Dark Forest Capital Management LP purchased a new position in Arko during the 3rd quarter valued at about $101,000. Counterpoint Mutual Funds LLC purchased a new position in Arko during the 4th quarter valued at about $104,000. MQS Management LLC purchased a new position in Arko during the 1st quarter valued at about $132,000. Finally, Price T Rowe Associates Inc. MD increased its position in Arko by 15.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,216 shares of the company’s stock valued at $133,000 after purchasing an additional 3,092 shares during the period. Institutional investors own 78.29% of the company’s stock.

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.