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

StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research note published on Wednesday morning. The firm issued a buy rating on the restaurant operator’s stock.

Ark Restaurants Trading Down 0.7 %

Shares of NASDAQ ARKR opened at $11.71 on Wednesday. Ark Restaurants has a 1 year low of $10.27 and a 1 year high of $16.25. The company has a 50-day moving average price of $12.24 and a 200-day moving average price of $13.43.

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

Institutional Trading of Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. Empowered Funds LLC increased its holdings in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,544 shares of the restaurant operator’s stock after acquiring an additional 1,225 shares during the quarter. Empowered Funds LLC owned approximately 0.49% of Ark Restaurants worth $246,000 as of its most recent SEC filing. 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.