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

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

Ark Restaurants Stock Down 1.5 %

Shares of NASDAQ ARKR opened at $9.99 on Wednesday. The business’s 50 day moving average is $11.88 and its two-hundred day moving average is $11.75. The company has a market cap of $36.00 million, a P/E ratio of -17.22 and a beta of 0.99. Ark Restaurants has a 12 month low of $9.74 and a 12 month high of $17.76.

Ark Restaurants (NASDAQ:ARKR) last issued its quarterly 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 Trading of Ark Restaurants

A number of institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp bought a new stake in shares of Ark Restaurants during the fourth quarter valued at approximately $147,000. Aristides Capital LLC increased its position in shares of Ark Restaurants by 9.2% during the fourth quarter. Aristides Capital LLC now owns 20,661 shares of the restaurant operator’s stock valued at $227,000 after purchasing an additional 1,733 shares during the period. Empowered Funds LLC increased its position in shares of Ark Restaurants by 4.9% during the fourth quarter. Empowered Funds LLC now owns 20,709 shares of the restaurant operator’s stock valued at $228,000 after purchasing an additional 967 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Ark Restaurants by 50.4% during the third quarter. Geode Capital Management LLC now owns 20,949 shares of the restaurant operator’s stock valued at $251,000 after purchasing an additional 7,017 shares during the period. 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.