Ark Restaurants (NASDAQ:ARKR) Coverage Initiated by Analysts at StockNews.com

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

Ark Restaurants Stock Performance

Shares of NASDAQ:ARKR opened at $11.49 on Friday. The firm has a 50 day simple moving average of $11.20 and a 200 day simple moving average of $12.17. Ark Restaurants has a 52 week low of $9.75 and a 52 week high of $16.25. The company has a market cap of $41.41 million, a PE ratio of -4.22 and a beta of 0.98.

Institutional Investors Weigh In On Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. Geode Capital Management LLC raised its stake in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 50.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,949 shares of the restaurant operator’s stock after buying an additional 7,017 shares during the period. Geode Capital Management LLC owned about 0.58% of Ark Restaurants worth $251,000 as of its most recent SEC filing. 31.95% of the stock is owned by hedge funds and other 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.