Empowered Funds LLC increased its stake in Ark Restaurants Corp. (NASDAQ:ARKR – Free Report) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,709 shares of the restaurant operator’s stock after purchasing an additional 967 shares during the period. Empowered Funds LLC’s holdings in Ark Restaurants were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, Geode Capital Management LLC boosted its stake in Ark Restaurants by 50.4% in the 3rd quarter. Geode Capital Management LLC now owns 20,949 shares of the restaurant operator’s stock worth $251,000 after purchasing an additional 7,017 shares in the last quarter. 31.95% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on shares of Ark Restaurants in a research note on Saturday, February 15th. They issued a “buy” rating for the company.
Ark Restaurants Trading Up 2.1 %
Shares of NASDAQ ARKR opened at $11.36 on Friday. Ark Restaurants Corp. has a 12 month low of $9.75 and a 12 month high of $17.76. The company has a 50 day simple moving average of $12.72 and a two-hundred day simple moving average of $12.04. The stock has a market cap of $40.90 million, a price-to-earnings ratio of -19.59 and a beta of 0.95.
Ark Restaurants (NASDAQ:ARKR – Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The restaurant operator reported $0.18 EPS for the quarter. Ark Restaurants had a negative net margin of 1.16% and a positive return on equity of 4.22%.
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.
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