Ark Restaurants (NASDAQ:ARKR) Coverage Initiated by Analysts at StockNews.com

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

Ark Restaurants Price Performance

ARKR opened at $10.98 on Friday. The business has a fifty day simple moving average of $12.65 and a 200 day simple moving average of $12.01. Ark Restaurants has a 1 year low of $9.75 and a 1 year high of $17.76. The company has a market capitalization of $39.53 million, a PE ratio of -18.93 and a beta of 0.95.

Ark Restaurants (NASDAQ:ARKR) last announced its 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 1.16% and a positive return on equity of 4.22%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ARKR. Northern Trust Corp acquired a new stake in Ark Restaurants during the fourth quarter worth approximately $147,000. Aristides Capital LLC lifted 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 valued at $227,000 after acquiring an additional 1,733 shares during the period. Empowered Funds LLC lifted 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 valued at $228,000 after acquiring an additional 967 shares during the period. Finally, Geode Capital Management LLC grew its holdings 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 purchasing an additional 7,017 shares in the last quarter. 31.95% of the stock is owned by 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.