StockNews.com Begins Coverage on Ark Restaurants (NASDAQ:ARKR)

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

Ark Restaurants Stock Performance

Ark Restaurants stock opened at $11.29 on Friday. Ark Restaurants has a 52-week low of $9.75 and a 52-week high of $17.76. The firm has a 50 day moving average price of $12.94 and a two-hundred day moving average price of $12.09. The firm has a market cap of $40.64 million, a price-to-earnings ratio of -10.45 and a beta of 0.95.

Ark Restaurants (NASDAQ:ARKR) last released its quarterly earnings results on Monday, February 10th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter. Ark Restaurants had a negative net margin of 2.12% and a positive return on equity of 5.68%.

Institutional Trading of Ark Restaurants

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Ark Restaurants by 50.4% during 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. Northern Trust Corp acquired a new stake in shares of Ark Restaurants during the 4th quarter worth approximately $147,000. Aristides Capital LLC grew 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 buying an additional 1,733 shares during the period. Finally, Empowered Funds LLC grew its position in shares of Ark Restaurants by 4.9% during the 4th quarter. Empowered Funds LLC now owns 20,709 shares of the restaurant operator’s stock worth $228,000 after buying an additional 967 shares during the period. 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.