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

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

Ark Restaurants Trading Down 0.4 %

NASDAQ:ARKR opened at $11.80 on Thursday. Ark Restaurants has a twelve month low of $10.27 and a twelve month high of $16.25. The company has a market cap of $42.53 million, a PE ratio of -5.84 and a beta of 1.01. The company’s 50 day moving average is $12.09 and its two-hundred day moving average is $13.36.

Ark Restaurants (NASDAQ:ARKR) last announced its quarterly earnings data on Monday, August 12th. The restaurant operator reported $0.72 earnings per share for the quarter. The firm had revenue of $50.40 million for the quarter. Ark Restaurants had a negative net margin of 5.31% and a positive return on equity of 0.14%.

Institutional Investors Weigh In On Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. Empowered Funds LLC boosted its holdings in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,544 shares of the restaurant operator’s stock after buying an additional 1,225 shares during the quarter. Empowered Funds LLC owned 0.49% of Ark Restaurants worth $246,000 at the end of the most recent reporting period. 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.