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

Investment analysts at StockNews.com assumed coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research note issued to investors on Wednesday. The firm set a “buy” rating on the restaurant operator’s stock.

Ark Restaurants Stock Down 2.0 %

Shares of NASDAQ ARKR opened at $11.75 on Wednesday. The stock’s 50 day moving average price is $12.39 and its two-hundred day moving average price is $13.49. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $16.25. The stock has a market capitalization of $42.33 million, a P/E ratio of -5.81 and a beta of 1.01.

Ark Restaurants (NASDAQ:ARKR) last posted its quarterly earnings results on Monday, August 12th. The restaurant operator reported $0.72 earnings per share (EPS) for the quarter. Ark Restaurants had a positive return on equity of 0.14% and a negative net margin of 5.31%. The business had revenue of $50.40 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ark Restaurants stock. Empowered Funds LLC boosted its holdings in Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,544 shares of the restaurant operator’s stock after acquiring an additional 1,225 shares during the period. Empowered Funds LLC owned about 0.49% of Ark Restaurants worth $246,000 at the end of the most recent quarter. Institutional investors and hedge funds own 31.95% of the company’s stock.

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.