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. The firm issued a buy rating on the restaurant operator’s stock.

Ark Restaurants Price Performance

ARKR stock opened at $10.62 on Monday. The business has a 50-day moving average price of $12.60 and a 200 day moving average price of $11.95. The company has a market capitalization of $38.27 million, a P/E ratio of -18.31 and a beta of 0.95. Ark Restaurants has a 1-year low of $9.75 and a 1-year high of $17.76.

Ark Restaurants (NASDAQ:ARKR) last released its quarterly earnings data on Monday, February 10th. The restaurant operator reported $0.18 earnings per share for the quarter. Ark Restaurants had a positive return on equity of 4.22% and a negative net margin of 1.16%.

Hedge Funds Weigh In On Ark Restaurants

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in Ark Restaurants by 50.4% in the third quarter. Geode Capital Management LLC now owns 20,949 shares of the restaurant operator’s stock valued at $251,000 after purchasing an additional 7,017 shares during the last quarter. Empowered Funds LLC grew its stake in Ark Restaurants by 4.9% in the fourth quarter. Empowered Funds LLC now owns 20,709 shares of the restaurant operator’s stock valued at $228,000 after purchasing an additional 967 shares during the last quarter. Northern Trust Corp purchased a new position in Ark Restaurants in the fourth quarter valued at about $147,000. Finally, Aristides Capital LLC grew its stake in Ark Restaurants by 9.2% in the fourth quarter. Aristides Capital LLC now owns 20,661 shares of the restaurant operator’s stock valued at $227,000 after purchasing an additional 1,733 shares during the last quarter. Hedge funds and other institutional investors own 31.95% of the company’s stock.

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.