Geode Capital Management LLC Buys 7,017 Shares of Ark Restaurants Corp. (NASDAQ:ARKR)

Geode Capital Management LLC increased its stake in Ark Restaurants Corp. (NASDAQ:ARKR) by 50.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 20,949 shares of the restaurant operator’s stock after acquiring an additional 7,017 shares during the period. Geode Capital Management LLC’s holdings in Ark Restaurants were worth $251,000 at the end of the most recent quarter.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Ark Restaurants in a report on Tuesday. They issued a “buy” rating on the stock.

Ark Restaurants Stock Performance

Shares of ARKR opened at $14.15 on Tuesday. The stock has a market cap of $51.00 million, a PE ratio of -5.20 and a beta of 0.94. Ark Restaurants Corp. has a fifty-two week low of $9.75 and a fifty-two week high of $17.76. The firm’s 50-day simple moving average is $11.73 and its two-hundred day simple moving average is $12.13.

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.