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

Investment analysts at StockNews.com began coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a report released on Friday. The brokerage set a “buy” rating on the restaurant operator’s stock.

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

Ark Restaurants Stock Performance

ARKR opened at $13.49 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.65 and a debt-to-equity ratio of 0.08. Ark Restaurants has a 12-month low of $10.27 and a 12-month high of $18.75. The firm has a 50 day moving average of $14.44 and a two-hundred day moving average of $14.33. The firm has a market capitalization of $48.56 million, a PE ratio of -6.68 and a beta of 1.01.

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

Insider Activity

In other Ark Restaurants news, major shareholder Thomas A. Satterfield, Jr. bought 6,100 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average price of $13.99 per share, for a total transaction of $85,339.00. Following the transaction, the insider now directly owns 52,600 shares of the company’s stock, valued at approximately $735,874. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 37.17% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ark Restaurants stock. Empowered Funds LLC raised its position in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% in the first quarter, according to 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 acquiring an additional 1,225 shares during the quarter. Empowered Funds LLC owned approximately 0.49% of Ark Restaurants worth $246,000 as of its most recent SEC filing. 31.95% of the stock is owned by institutional investors.

About Ark Restaurants

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.