Empowered Funds LLC grew its position in Ark Restaurants Corp. (NASDAQ:ARKR – Free Report) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,709 shares of the restaurant operator’s stock after acquiring an additional 967 shares during the quarter. Empowered Funds LLC owned about 0.58% of Ark Restaurants worth $228,000 at the end of the most recent reporting period.
Separately, Geode Capital Management LLC increased its stake in Ark Restaurants by 50.4% in the 3rd 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. Institutional investors own 31.95% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on shares of Ark Restaurants in a research note on Saturday, February 15th. They issued a “buy” rating on the stock.
Ark Restaurants Stock Performance
NASDAQ ARKR opened at $11.36 on Friday. The company has a market capitalization of $40.90 million, a price-to-earnings ratio of -19.59 and a beta of 0.95. The company’s 50-day simple moving average is $12.72 and its two-hundred day simple moving average is $12.04. Ark Restaurants Corp. has a one year low of $9.75 and a one year high of $17.76.
Ark Restaurants (NASDAQ:ARKR – Get Free Report) last posted its earnings results 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%.
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.
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