Geode Capital Management LLC Acquires 7,017 Shares of Ark Restaurants Corp. (NASDAQ:ARKR)

Geode Capital Management LLC boosted its holdings in Ark Restaurants Corp. (NASDAQ:ARKR) by 50.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,949 shares of the restaurant operator’s stock after purchasing an additional 7,017 shares during the period. Geode Capital Management LLC owned approximately 0.58% of Ark Restaurants worth $251,000 at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Ark Restaurants in a research note on Tuesday. They issued a “buy” rating for the company.

Ark Restaurants Trading Down 5.6 %

Shares of NASDAQ:ARKR opened at $14.15 on Tuesday. The company has a market cap of $51.00 million, a price-to-earnings ratio of -5.20 and a beta of 0.94. The company has a 50-day moving average price of $11.73 and a 200-day moving average price of $12.13. Ark Restaurants Corp. has a 12 month low of $9.75 and a 12 month high of $17.76.

Ark Restaurants 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.