StockNews.com Begins Coverage on Ark Restaurants (NASDAQ:ARKR)

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

Ark Restaurants Price Performance

Shares of Ark Restaurants stock opened at $9.71 on Thursday. The stock has a market capitalization of $34.99 million, a price-to-earnings ratio of -16.74 and a beta of 0.99. The business has a 50-day moving average of $11.46 and a 200 day moving average of $11.67. Ark Restaurants has a 12 month low of $8.88 and a 12 month high of $17.76.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in Ark Restaurants by 4.9% during the 4th quarter. Empowered Funds LLC now owns 20,709 shares of the restaurant operator’s stock worth $228,000 after purchasing an additional 967 shares during the period. Aristides Capital LLC grew 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 worth $227,000 after buying an additional 1,733 shares in the last quarter. Geode Capital Management LLC increased its stake 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 worth $251,000 after buying an additional 7,017 shares during the period. Finally, Northern Trust Corp purchased a new stake in shares of Ark Restaurants during the fourth quarter worth approximately $147,000. 31.95% of the stock is currently owned by hedge funds and other 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.