Ark Restaurants (NASDAQ:ARKR) Now Covered by Analysts at initiated coverage on shares of Ark Restaurants (NASDAQ:ARKRFree Report) in a research note published on Thursday morning. The firm issued a buy rating on the restaurant operator’s stock.

Separately, TheStreet upgraded shares of Ark Restaurants from a d+ rating to a c rating in a research report on Thursday, March 14th.

Check Out Our Latest Report on Ark Restaurants

Ark Restaurants Stock Performance

NASDAQ:ARKR opened at $14.00 on Thursday. The firm’s 50-day moving average is $14.45 and its 200-day moving average is $14.36. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $18.75. 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 company has a market cap of $50.40 million, a price-to-earnings ratio of -6.93 and a beta of 1.01.

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

Ark Restaurants Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Friday, May 31st were given a $0.188 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.75 dividend on an annualized basis and a yield of 5.37%. Ark Restaurants’s dividend payout ratio (DPR) is presently -37.13%.

Insider Buying and Selling at Ark Restaurants

In related news, major shareholder Thomas A. Satterfield, Jr. bought 6,100 shares of Ark Restaurants stock in a transaction dated Tuesday, May 14th. The shares were bought at an average cost of $13.99 per share, for a total transaction of $85,339.00. Following the completion of the transaction, the insider now owns 52,600 shares of the company’s stock, valued at $735,874. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 37.17% of the company’s stock.

Institutional Investors Weigh In On 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:ARKRFree Report) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,544 shares of the restaurant operator’s stock after buying an additional 1,225 shares during the period. Empowered Funds LLC owned 0.49% of Ark Restaurants worth $246,000 at the end of the most recent quarter. 31.95% of the stock is currently owned by institutional investors.

Ark Restaurants Company Profile

(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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