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

Equities research analysts at StockNews.com initiated coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research note issued on Friday. The firm set a “buy” rating on the restaurant operator’s stock.

Separately, TheStreet upgraded Ark Restaurants from a “d+” rating to a “c” rating in a research note on Thursday, March 14th.

Ark Restaurants Stock Down 1.9 %

Ark Restaurants stock opened at $13.49 on Friday. The company’s 50 day simple moving average is $14.44 and its 200 day simple moving average is $14.33. The firm has a market capitalization of $48.56 million, a price-to-earnings ratio of -6.68 and a beta of 1.01. Ark Restaurants has a fifty-two week low of $10.27 and a fifty-two week high of $18.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.74 and a quick ratio of 0.65.

Ark Restaurants (NASDAQ:ARKR) last announced its quarterly earnings results 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 Buying and Selling at Ark Restaurants

In other Ark Restaurants news, major shareholder Thomas A. Satterfield, Jr. bought 6,100 shares of Ark Restaurants 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 purchase, the insider now owns 52,600 shares of the company’s stock, valued at approximately $735,874. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 37.17% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ark Restaurants stock. Empowered Funds LLC raised its position in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter. 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.