Stock analysts at StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR – Get Free Report) in a report released on Wednesday. The firm set a “buy” rating on the restaurant operator’s stock.
Ark Restaurants Stock Performance
Shares of ARKR opened at $12.76 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.74 and a debt-to-equity ratio of 0.08. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $18.28. The company has a 50-day simple moving average of $13.82 and a 200-day simple moving average of $14.09. The company has a market capitalization of $45.98 million, a PE ratio of -6.32 and a beta of 1.00.
Ark Restaurants (NASDAQ:ARKR – Get Free Report) last announced its quarterly earnings results on Monday, May 13th. The restaurant operator reported ($0.40) EPS for the quarter. Ark Restaurants had a positive return on equity of 1.19% and a negative net margin of 3.91%. The firm had revenue of $42.26 million for the quarter.
Insider Buying and Selling
Hedge Funds Weigh In On Ark Restaurants
A hedge fund recently raised its stake in Ark Restaurants stock. CM Management LLC increased its stake in shares of Ark Restaurants Corp. (NASDAQ:ARKR – Free Report) by 8.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the restaurant operator’s stock after purchasing an additional 15,393 shares during the quarter. Ark Restaurants makes up approximately 2.3% of CM Management LLC’s holdings, making the stock its 13th largest holding. CM Management LLC owned 5.55% of Ark Restaurants worth $2,622,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.
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