Ark Restaurants (NASDAQ:ARKR) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a report released on Thursday. The brokerage issued a buy rating on the restaurant operator’s stock.

Ark Restaurants Stock Performance

ARKR opened at $9.71 on Thursday. Ark Restaurants has a one year low of $8.88 and a one year high of $17.76. The stock has a market cap of $34.99 million, a price-to-earnings ratio of -16.74 and a beta of 0.99. The stock’s 50 day moving average price is $11.46 and its 200-day moving average price is $11.67.

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

Institutional Investors Weigh In On Ark Restaurants

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARKR. Northern Trust Corp acquired a new position in shares of Ark Restaurants in the 4th quarter valued at $147,000. Aristides Capital LLC raised its holdings in Ark Restaurants by 9.2% in the 4th quarter. Aristides Capital LLC now owns 20,661 shares of the restaurant operator’s stock valued at $227,000 after buying an additional 1,733 shares during the period. Empowered Funds LLC lifted its position 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 buying an additional 967 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Ark Restaurants by 50.4% during the third quarter. Geode Capital Management LLC now owns 20,949 shares of the restaurant operator’s stock worth $251,000 after buying an additional 7,017 shares during the period. Institutional investors and hedge funds 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.