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 research report released on Wednesday morning. The firm issued a buy rating on the restaurant operator’s stock.

Separately, TheStreet upgraded shares of Ark Restaurants from a d+ rating to a c rating in a research report on Thursday, March 14th.

Ark Restaurants Stock Performance

NASDAQ:ARKR opened at $13.90 on Wednesday. The company has a current ratio of 0.79, a quick ratio of 0.68 and a debt-to-equity ratio of 0.10. The company’s fifty day moving average price is $14.01 and its 200-day moving average price is $14.64. Ark Restaurants has a 1-year low of $10.27 and a 1-year high of $18.75.

Ark Restaurants (NASDAQ:ARKR) last released its quarterly earnings results on Monday, February 12th. The restaurant operator reported $0.38 EPS for the quarter. The company had revenue of $47.49 million for the quarter. Ark Restaurants had a negative net margin of 3.40% and a positive return on equity of 2.77%.

Ark Restaurants Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 29th were given a $0.188 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.75 annualized dividend and a dividend yield of 5.41%. Ark Restaurants’s dividend payout ratio (DPR) is -42.86%.

Institutional Trading of Ark Restaurants

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in shares of Ark Restaurants by 1,694.6% in the first quarter. Tower Research Capital LLC TRC now owns 1,651 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 1,559 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Ark Restaurants in the second quarter valued at about $188,000. Northern Trust Corp acquired a new stake in shares of Ark Restaurants in the fourth quarter valued at about $144,000. Renaissance Technologies LLC lifted its stake in shares of Ark Restaurants by 2.4% in the first quarter. Renaissance Technologies LLC now owns 30,211 shares of the restaurant operator’s stock worth $558,000 after buying an additional 700 shares in the last quarter. Finally, First Manhattan Co. lifted its stake in shares of Ark Restaurants by 7.8% in the fourth quarter. First Manhattan Co. now owns 39,957 shares of the restaurant operator’s stock worth $662,000 after buying an additional 2,907 shares in the last quarter. 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.