Equities researchers at StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR – Get Free Report) in a research note issued to investors on Monday. The firm set a “buy” rating on the restaurant operator’s stock.
Ark Restaurants Price Performance
Shares of ARKR stock opened at $15.56 on Monday. Ark Restaurants has a 12-month low of $9.75 and a 12-month high of $17.76. The firm has a market capitalization of $56.08 million, a price-to-earnings ratio of -5.72 and a beta of 0.94. The business has a 50 day simple moving average of $11.34 and a 200 day simple moving average of $12.10.
Institutional Investors Weigh In On Ark Restaurants
An institutional investor recently raised its position in Ark Restaurants stock. Geode Capital Management LLC raised its stake in shares of Ark Restaurants Corp. (NASDAQ:ARKR – Free Report) by 50.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,949 shares of the restaurant operator’s stock after buying an additional 7,017 shares during the period. Geode Capital Management LLC owned approximately 0.58% of Ark Restaurants worth $251,000 as of its most recent SEC filing. 31.95% of the stock is currently owned by 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.
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