Ark Restaurants (NASDAQ:ARKR) Now Covered by Analysts at StockNews.com

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

Ark Restaurants Trading Down 3.7 %

Shares of Ark Restaurants stock opened at $10.45 on Friday. The stock has a fifty day simple moving average of $11.71 and a 200 day simple moving average of $13.04. Ark Restaurants has a 12-month low of $10.27 and a 12-month high of $16.25. The company has a market capitalization of $37.62 million, a P/E ratio of -3.84 and a beta of 1.02.

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

Institutional Trading of Ark Restaurants

A hedge fund recently raised its stake in Ark Restaurants stock. Empowered Funds LLC increased its stake in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,544 shares of the restaurant operator’s stock after acquiring an additional 1,225 shares during the quarter. Empowered Funds LLC owned approximately 0.49% of Ark Restaurants worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 31.95% of the stock is currently owned by institutional investors.

Ark Restaurants Company Profile

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.