StockNews.com Initiates Coverage on Ark Restaurants (NASDAQ:ARKR)

Equities research analysts at StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research report issued to clients and investors on Friday. The brokerage set 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 note on Thursday, March 14th.

Ark Restaurants Stock Performance

NASDAQ:ARKR opened at $13.55 on Friday. The firm’s fifty day simple moving average is $13.86 and its 200 day simple moving average is $14.51. The company has a current ratio of 0.79, a quick ratio of 0.68 and a debt-to-equity ratio of 0.10. Ark Restaurants has a twelve month low of $10.27 and a twelve month high of $18.75. The firm has a market capitalization of $48.78 million, a price-to-earnings ratio of -7.74 and a beta of 0.98.

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

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.