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

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

Ark Restaurants Stock Performance

NASDAQ:ARKR opened at $13.78 on Monday. Ark Restaurants has a 1 year low of $10.27 and a 1 year high of $18.50. The business has a fifty day moving average of $14.29 and a 200-day moving average of $14.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.65 and a current ratio of 0.74. The stock has a market cap of $49.60 million, a price-to-earnings ratio of -6.82 and a beta of 1.00.

Ark Restaurants (NASDAQ:ARKR) last announced its earnings results on Monday, May 13th. The restaurant operator reported ($0.40) earnings per share (EPS) for the quarter. Ark Restaurants had a negative net margin of 3.91% and a positive return on equity of 1.19%. The company had revenue of $42.26 million during the quarter.

Ark Restaurants Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Friday, May 31st were paid a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend was Friday, May 31st. Ark Restaurants’s payout ratio is currently -37.13%.

Insider Activity

In other news, major shareholder Thomas A. Satterfield, Jr. bought 6,100 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average price of $13.99 per share, with a total value of $85,339.00. Following the completion of the purchase, the insider now directly owns 52,600 shares of the company’s stock, valued at approximately $735,874. The acquisition was disclosed in a filing with the SEC, which is available at this link. 37.17% of the stock is owned by insiders.

Institutional Trading of Ark Restaurants

A hedge fund recently raised its stake in Ark Restaurants stock. Empowered Funds LLC boosted its holdings in Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. 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 0.49% of Ark Restaurants worth $246,000 as of its most recent SEC filing. 31.95% of the stock is currently owned by institutional investors and hedge funds.

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.