Ark Restaurants (NASDAQ:ARKR) Research Coverage Started at StockNews.com

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

Ark Restaurants Price Performance

ARKR stock opened at $12.00 on Friday. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $16.27. The company’s 50 day simple moving average is $12.86 and its 200-day simple moving average is $13.71. The firm has a market capitalization of $43.20 million, a P/E ratio of -5.94 and a beta of 1.01.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ark Restaurants stock. Empowered Funds LLC lifted its holdings in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,544 shares of the restaurant operator’s stock after purchasing an additional 1,225 shares during the quarter. Empowered Funds LLC owned approximately 0.49% of Ark Restaurants worth $246,000 as of its most recent SEC filing. Institutional investors 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.