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

StockNews.com assumed coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research report sent to investors on Monday. The firm issued a buy rating on the restaurant operator’s stock.

Ark Restaurants Stock Performance

Ark Restaurants stock opened at $16.21 on Monday. The stock has a market capitalization of $58.42 million, a price-to-earnings ratio of -5.96 and a beta of 0.94. Ark Restaurants has a 52-week low of $9.75 and a 52-week high of $16.56. The stock’s 50 day moving average price is $11.24 and its two-hundred day moving average price is $12.08.

Institutional Investors Weigh In On Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. Geode Capital Management LLC increased its position in Ark Restaurants Corp. (NASDAQ:ARKR) by 50.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 0.58% of Ark Restaurants worth $251,000 at the end of the most recent reporting period. Institutional investors own 31.95% of the company’s stock.

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.