Ark Restaurants (NASDAQ:ARKR) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research report released on Monday morning. The firm issued a buy rating on the restaurant operator’s stock.

Ark Restaurants Stock Up 2.5 %

Shares of ARKR opened at $11.79 on Monday. The company has a market capitalization of $42.49 million, a price-to-earnings ratio of -5.84 and a beta of 1.01. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $16.25. The stock has a 50 day moving average price of $12.62 and a 200 day moving average price of $13.60.

Ark Restaurants (NASDAQ:ARKR) last issued its quarterly earnings data on Monday, August 12th. The restaurant operator reported $0.72 earnings per share for the quarter. The business had revenue of $50.40 million during the quarter. Ark Restaurants had a negative net margin of 5.31% and a positive return on equity of 0.14%.

Institutional Trading of Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. Empowered Funds LLC increased its position in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,544 shares of the restaurant operator’s stock after buying an additional 1,225 shares during the quarter. Empowered Funds LLC owned about 0.49% of Ark Restaurants worth $246,000 as of its most recent SEC filing. 31.95% of the stock is currently owned by hedge funds and other institutional investors.

About Ark Restaurants

Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. It operates restaurants in New York City; Washington, DC; Las Vegas, Nevada; Atlantic City, New Jersey; Florida; and Alabama, as well as fast food concepts and catering operations. The company was incorporated in 1983 and is based in New York, New York.