Ark Restaurants (NASDAQ:ARKR) Now Covered by StockNews.com

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

Ark Restaurants Trading Down 3.3 %

ARKR stock opened at $10.01 on Wednesday. The company’s 50-day moving average price is $12.15 and its 200 day moving average price is $11.79. Ark Restaurants has a 52 week low of $9.75 and a 52 week high of $17.76. The company has a market cap of $36.06 million, a P/E ratio of -17.25 and a beta of 0.99.

Ark Restaurants (NASDAQ:ARKR) last announced its quarterly earnings results on Monday, February 10th. The restaurant operator reported $0.18 EPS for the quarter. Ark Restaurants had a positive return on equity of 4.22% and a negative net margin of 1.16%.

Institutional Investors Weigh In On Ark Restaurants

A number of large investors have recently added to or reduced their stakes in ARKR. Northern Trust Corp purchased a new stake in shares of Ark Restaurants in the fourth quarter valued at about $147,000. Aristides Capital LLC raised its position in shares of Ark Restaurants by 9.2% during the 4th quarter. Aristides Capital LLC now owns 20,661 shares of the restaurant operator’s stock worth $227,000 after purchasing an additional 1,733 shares during the last quarter. Empowered Funds LLC lifted its stake in Ark Restaurants by 4.9% in the 4th quarter. Empowered Funds LLC now owns 20,709 shares of the restaurant operator’s stock valued at $228,000 after buying an additional 967 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Ark Restaurants by 50.4% during the 3rd quarter. Geode Capital Management LLC now owns 20,949 shares of the restaurant operator’s stock valued at $251,000 after buying an additional 7,017 shares during the last quarter. 31.95% of the stock is owned by institutional investors and hedge funds.

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.