Arko (NASDAQ:ARKO) PT Lowered to $5.00

Arko (NASDAQ:ARKO) had its price target lowered by Wells Fargo & Company from $7.00 to $5.00 in a report released on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 10.13% from the stock’s current price.

Separately, BMO Capital Markets lowered their target price on shares of Arko from $8.00 to $7.00 and set a “market perform” rating for the company in a report on Thursday, February 29th.

Arko Trading Up 1.1 %

Shares of NASDAQ:ARKO traded up $0.05 during trading on Friday, reaching $4.54. The stock had a trading volume of 35,512 shares, compared to its average volume of 307,764. The business has a fifty day moving average price of $6.25 and a 200-day moving average price of $7.24. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 3.77. The stock has a market cap of $527.46 million, a P/E ratio of 18.04 and a beta of 0.28. Arko has a fifty-two week low of $4.45 and a fifty-two week high of $8.74.

Arko (NASDAQ:ARKO) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.40 billion. Arko had a net margin of 0.37% and a return on equity of 12.32%. During the same quarter in the previous year, the business posted $0.09 earnings per share. As a group, analysts anticipate that Arko will post 0.09 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Morris Willner sold 2,792,631 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $6.76, for a total value of $18,878,185.56. Following the completion of the transaction, the insider now directly owns 11,683,980 shares in the company, valued at $78,983,704.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 32.16% of the company’s stock.

Institutional Trading of Arko

Several institutional investors have recently added to or reduced their stakes in ARKO. Tower Research Capital LLC TRC raised its holdings in shares of Arko by 149.7% during the first quarter. Tower Research Capital LLC TRC now owns 3,004 shares of the company’s stock worth $26,000 after purchasing an additional 1,801 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Arko by 40.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,172 shares of the company’s stock worth $39,000 after acquiring an additional 1,203 shares during the period. Ensign Peak Advisors Inc acquired a new stake in shares of Arko in the 3rd quarter worth about $72,000. ProShare Advisors LLC acquired a new stake in shares of Arko in the 2nd quarter worth about $85,000. Finally, Rafferty Asset Management LLC acquired a new stake in shares of Arko in the 4th quarter worth about $90,000. 78.29% of the stock is owned by institutional investors and hedge funds.

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.