Ark Restaurants (NASDAQ:ARKR) Earns Buy Rating from Analysts at StockNews.com

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

Ark Restaurants Stock Performance

Shares of ARKR opened at $8.74 on Friday. The company has a market capitalization of $31.48 million, a price-to-earnings ratio of -15.06 and a beta of 0.65. Ark Restaurants has a fifty-two week low of $8.25 and a fifty-two week high of $17.76. The firm has a 50-day simple moving average of $10.40 and a 200-day simple moving average of $11.45.

Ark Restaurants (NASDAQ:ARKR) last released its earnings results on Monday, February 10th. The restaurant operator reported $0.18 EPS for the quarter. Ark Restaurants had a negative net margin of 1.16% and a positive return on equity of 4.22%.

Institutional Trading of Ark Restaurants

A number of institutional investors have recently modified their holdings of ARKR. Geode Capital Management LLC increased its holdings in shares of Ark Restaurants by 50.4% in the 3rd quarter. Geode Capital Management LLC now owns 20,949 shares of the restaurant operator’s stock valued at $251,000 after purchasing an additional 7,017 shares in the last quarter. Empowered Funds LLC increased its holdings in Ark Restaurants by 4.9% in the fourth quarter. Empowered Funds LLC now owns 20,709 shares of the restaurant operator’s stock valued at $228,000 after buying an additional 967 shares in the last quarter. 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. Finally, Northern Trust Corp acquired a new stake in shares of Ark Restaurants during the 4th quarter valued at approximately $147,000. 31.95% of the stock is currently owned by hedge funds and other institutional investors.

Ark Restaurants Company Profile

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.