Ark Restaurants (NASDAQ:ARKR) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Ark Restaurants (NASDAQ:ARKRFree Report) in a research note issued to investors on Saturday. The brokerage issued a buy rating on the restaurant operator’s stock.

Ark Restaurants Trading Down 0.4 %

ARKR stock opened at $11.15 on Friday. The firm has a market cap of $40.14 million, a P/E ratio of -4.12 and a beta of 1.01. Ark Restaurants has a 12-month low of $10.27 and a 12-month high of $16.25. The stock’s 50 day simple moving average is $12.00 and its 200 day simple moving average is $13.19.

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

Institutional Investors Weigh In On Ark Restaurants

A hedge fund recently raised its stake in Ark Restaurants stock. Empowered Funds LLC boosted its position in shares of Ark Restaurants Corp. (NASDAQ:ARKRFree Report) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,544 shares of the restaurant operator’s stock after acquiring an additional 1,225 shares during the period. Empowered Funds LLC owned approximately 0.49% of Ark Restaurants worth $246,000 at the end of the most recent quarter. Institutional investors and hedge funds own 31.95% of the company’s stock.

About Ark Restaurants

(Get Free Report)

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.

Further Reading

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