Ark Restaurants (NASDAQ:ARKR) Research Coverage Started at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a report released on Saturday. The firm set a “buy” rating on the restaurant operator’s stock.

Ark Restaurants Stock Performance

ARKR opened at $13.24 on Friday. The stock has a market capitalization of $47.66 million, a PE ratio of -6.55 and a beta of 1.00. Ark Restaurants has a one year low of $10.27 and a one year high of $16.64. The business’s 50 day moving average price is $13.04 and its 200 day moving average price is $13.82.

Institutional Trading of Ark Restaurants

A hedge fund recently raised its stake in Ark Restaurants stock. Empowered Funds LLC boosted its stake in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,544 shares of the restaurant operator’s stock after buying an additional 1,225 shares during the quarter. Empowered Funds LLC owned 0.49% of Ark Restaurants worth $246,000 as of its most recent SEC filing. 31.95% of the stock is currently owned by hedge funds and other institutional investors.

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.