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

StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a report published on Saturday morning. The firm issued a buy rating on the restaurant operator’s stock.

Ark Restaurants Stock Performance

Shares of ARKR stock opened at $11.15 on Friday. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $16.25. The stock has a market cap of $40.14 million, a PE ratio of -4.12 and a beta of 1.01. The firm’s 50 day moving average price is $12.00 and its two-hundred day moving average price is $13.19.

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

Institutional Trading of Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. Empowered Funds LLC grew its position in Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,544 shares of the restaurant operator’s stock after purchasing 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 filing with the SEC. 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.