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

Analysts at StockNews.com assumed coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a report issued on Thursday. The firm set a “buy” rating on the restaurant operator’s stock.

Separately, TheStreet raised shares of Ark Restaurants from a “d+” rating to a “c” rating in a report on Thursday, March 14th.

Ark Restaurants Price Performance

ARKR opened at $14.71 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.65 and a current ratio of 0.74. The stock has a market capitalization of $52.95 million, a P/E ratio of -7.28 and a beta of 1.01. The company’s 50-day simple moving average is $14.45 and its two-hundred day simple moving average is $14.39. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $18.75.

Ark Restaurants (NASDAQ:ARKR) last posted its quarterly earnings data on Monday, May 13th. The restaurant operator reported ($0.40) earnings per share (EPS) for the quarter. Ark Restaurants had a positive return on equity of 1.19% and a negative net margin of 3.91%. The business had revenue of $42.26 million during the quarter.

Insider Activity

In other Ark Restaurants news, major shareholder Thomas A. Satterfield, Jr. acquired 6,100 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was bought at an average cost of $13.99 per share, with a total value of $85,339.00. Following the completion of the purchase, the insider now directly owns 52,600 shares in the company, valued at $735,874. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 37.17% of the company’s stock.

Institutional Trading of Ark Restaurants

A hedge fund recently raised its stake in Ark Restaurants stock. Empowered Funds LLC raised its position in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. 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 about 0.49% of Ark Restaurants worth $246,000 at the end of the most recent reporting period. 31.95% of the stock is owned by institutional investors.

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.