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

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

Ark Restaurants Stock Performance

NASDAQ:ARKR opened at $10.98 on Friday. The stock has a 50-day simple moving average of $12.65 and a 200 day simple moving average of $12.01. Ark Restaurants has a 52-week low of $9.75 and a 52-week high of $17.76. The company has a market cap of $39.53 million, a PE ratio of -18.93 and a beta of 0.95.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Northern Trust Corp bought a new position in shares of Ark Restaurants in the fourth quarter valued at $147,000. Aristides Capital LLC increased its position in Ark Restaurants by 9.2% during the fourth quarter. Aristides Capital LLC now owns 20,661 shares of the restaurant operator’s stock worth $227,000 after buying an additional 1,733 shares during the last quarter. Empowered Funds LLC increased its position in Ark Restaurants by 4.9% during the fourth quarter. Empowered Funds LLC now owns 20,709 shares of the restaurant operator’s stock worth $228,000 after buying an additional 967 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Ark Restaurants by 50.4% in the third quarter. Geode Capital Management LLC now owns 20,949 shares of the restaurant operator’s stock valued at $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.

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.