StockNews.com initiated coverage on shares of Ark Restaurants (NASDAQ:ARKR – Free Report) in a research note released on Tuesday morning. The brokerage issued a buy rating on the restaurant operator’s stock.
Ark Restaurants Trading Down 5.9 %
Ark Restaurants stock opened at $12.77 on Tuesday. The stock has a market cap of $45.97 million, a P/E ratio of -6.32 and a beta of 1.00. Ark Restaurants has a fifty-two week low of $10.27 and a fifty-two week high of $18.37. The firm’s fifty day moving average price is $13.99 and its 200-day moving average price is $14.14. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.65 and a current ratio of 0.74.
Ark Restaurants (NASDAQ:ARKR – Get Free Report) last released its earnings results on Monday, May 13th. The restaurant operator reported ($0.40) EPS for the quarter. The firm had revenue of $42.26 million during the quarter. Ark Restaurants had a negative net margin of 3.91% and a positive return on equity of 1.19%.
Ark Restaurants Dividend Announcement
Insider Transactions at Ark Restaurants
In other news, major shareholder Thomas A. Satterfield, Jr. bought 6,100 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of $13.99 per share, for a total transaction of $85,339.00. Following the completion of the acquisition, the insider now owns 52,600 shares in the company, valued at approximately $735,874. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 37.17% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Ark Restaurants
A hedge fund recently raised its stake in Ark Restaurants stock. Empowered Funds LLC lifted its position in shares of Ark Restaurants Corp. (NASDAQ:ARKR – Free Report) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,544 shares of the restaurant operator’s stock after acquiring an additional 1,225 shares during the period. Empowered Funds LLC owned approximately 0.49% of Ark Restaurants worth $246,000 as of its most recent filing with the Securities & Exchange Commission. 31.95% of the stock is owned by 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.
See Also
- Five stocks we like better than Ark Restaurants
- With Risk Tolerance, One Size Does Not Fit All
- Should You Invest in Bitcoin? Pros and Cons
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Amazon Stock is Primed to Rebound Strongly After AI Bubble Bursts
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Shell Stock: Oil & Gas Giant Committed to Buybacks and Dividends
Receive News & Ratings for Ark Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ark Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.