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

Equities research analysts at StockNews.com began coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a report issued on Sunday. The firm set a “buy” rating on the restaurant operator’s stock.

Ark Restaurants Price Performance

ARKR stock opened at $11.36 on Friday. Ark Restaurants has a 1-year low of $9.75 and a 1-year high of $17.76. The company has a market capitalization of $40.90 million, a price-to-earnings ratio of -19.59 and a beta of 0.95. The business has a 50 day simple moving average of $12.67 and a two-hundred day simple moving average of $12.03.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ARKR. Geode Capital Management LLC boosted its position in shares of Ark Restaurants by 50.4% during the 3rd quarter. Geode Capital Management LLC now owns 20,949 shares of the restaurant operator’s stock valued at $251,000 after acquiring an additional 7,017 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Ark Restaurants by 4.9% during the 4th quarter. Empowered Funds LLC now owns 20,709 shares of the restaurant operator’s stock valued at $228,000 after acquiring an additional 967 shares during the last quarter. Aristides Capital LLC boosted its position in shares of Ark Restaurants by 9.2% during the 4th quarter. Aristides Capital LLC now owns 20,661 shares of the restaurant operator’s stock valued at $227,000 after acquiring an additional 1,733 shares during the last quarter. Finally, Northern Trust Corp bought a new position in shares of Ark Restaurants during the 4th quarter valued at approximately $147,000. 31.95% of the stock is currently owned by institutional investors.

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.