Key Points
- ARKO General Counsel Maury Bricks sold 15,000 shares on June 5 at an average price of $7.69, totaling $115,350. After the sale, Bricks still held 182,841 shares, and the transaction reduced the position by 7.58%.
- ARKO recently reported better-than-expected quarterly results, posting a loss of $0.07 per share versus estimates for a $0.16 loss, while revenue of $1.77 billion also beat expectations. Analysts now expect the company to earn $0.29 per share for the full year.
- The company paid a quarterly dividend of $0.03 per share, equal to an annualized yield of 1.6%. Meanwhile, analyst opinions are mixed, with recent downgrades and upgrades leaving the consensus rating at “Buy” and an average target price of $8.00.
ARKO Corp. (NASDAQ:ARKO - Get Free Report) General Counsel Maury Bricks sold 15,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $7.69, for a total value of $115,350.00. Following the sale, the general counsel owned 182,841 shares in the company, valued at $1,406,047.29. The trade was a 7.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
ARKO Stock Performance
ARKO stock opened at $7.61 on Tuesday. The stock has a 50-day simple moving average of $6.66 and a 200 day simple moving average of $5.77. The stock has a market capitalization of $853.77 million, a price-to-earnings ratio of 40.05 and a beta of 0.98. The company has a quick ratio of 1.19, a current ratio of 1.62 and a debt-to-equity ratio of 1.93. ARKO Corp. has a 12-month low of $3.71 and a 12-month high of $7.95.
ARKO (NASDAQ:ARKO - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.09. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.65 billion. ARKO had a net margin of 0.38% and a return on equity of 9.10%. During the same quarter in the prior year, the firm earned ($0.12) EPS. On average, research analysts anticipate that ARKO Corp. will post 0.29 earnings per share for the current fiscal year.
ARKO Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, May 18th. ARKO's dividend payout ratio is presently 63.16%.
Analyst Ratings Changes
A number of analysts recently weighed in on ARKO shares. Wall Street Zen lowered shares of ARKO from a "buy" rating to a "hold" rating in a report on Saturday, May 30th. Weiss Ratings downgraded ARKO from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, May 21st. Finally, Zacks Research upgraded ARKO from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $8.00.
View Our Latest Stock Report on ARKO
Institutional Investors Weigh In On ARKO
Institutional investors and hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership acquired a new position in ARKO in the first quarter valued at approximately $8,220,000. Franklin Resources Inc. grew its holdings in ARKO by 1,635.3% during the 3rd quarter. Franklin Resources Inc. now owns 574,771 shares of the company's stock worth $2,627,000 after acquiring an additional 541,648 shares during the period. Empowered Funds LLC bought a new stake in shares of ARKO during the 1st quarter valued at $1,335,000. Empyrean Capital Partners LP bought a new stake in shares of ARKO during the 1st quarter valued at $1,819,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of ARKO by 18.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,448,758 shares of the company's stock valued at $6,577,000 after purchasing an additional 226,591 shares during the period. 78.29% of the stock is owned by institutional investors.
ARKO Company Profile
(
Get Free Report)
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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