Ark Restaurants (NASDAQ:ARKR) Now Covered by StockNews.com

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

Ark Restaurants Stock Up 1.5 %

Shares of ARKR opened at $11.29 on Friday. The company has a market cap of $40.64 million, a price-to-earnings ratio of -10.45 and a beta of 0.95. Ark Restaurants has a twelve month low of $9.75 and a twelve month high of $17.76. The company has a 50 day moving average of $12.94 and a two-hundred day moving average of $12.08.

Ark Restaurants (NASDAQ:ARKR) last posted 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 2.12% and a positive return on equity of 5.68%.

Hedge Funds Weigh In On Ark Restaurants

Several large investors have recently made changes to their positions in ARKR. Northern Trust Corp purchased a new position in shares of Ark Restaurants in the 4th quarter valued at $147,000. Aristides Capital LLC grew its position in shares of Ark Restaurants by 9.2% in the 4th quarter. Aristides Capital LLC now owns 20,661 shares of the restaurant operator’s stock valued at $227,000 after buying an additional 1,733 shares during the last quarter. Empowered Funds LLC grew its position in shares of Ark Restaurants by 4.9% in the 4th 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 during the last quarter. Finally, Geode Capital Management LLC grew its position 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 buying an additional 7,017 shares during the last quarter. 31.95% of the stock is currently owned by institutional investors and hedge funds.

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.