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

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

Ark Restaurants Trading Up 2.1 %

Shares of NASDAQ:ARKR opened at $11.36 on Friday. The firm has a 50 day simple moving average of $12.67 and a 200-day simple moving average of $12.02. The company has a market capitalization of $40.94 million, a PE ratio of -19.59 and a beta of 0.95. Ark Restaurants has a twelve month low of $9.75 and a twelve month high of $17.76.

Ark Restaurants (NASDAQ:ARKR) last released its quarterly earnings results on Monday, February 10th. The restaurant operator reported $0.18 EPS for the quarter. Ark Restaurants had a positive return on equity of 4.22% and a negative net margin of 1.16%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of ARKR. Geode Capital Management LLC lifted its holdings in shares of Ark Restaurants by 50.4% during the third 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 during the period. Empowered Funds LLC raised its position in Ark Restaurants by 4.9% during the 4th quarter. Empowered Funds LLC now owns 20,709 shares of the restaurant operator’s stock worth $228,000 after buying an additional 967 shares during the last quarter. Aristides Capital LLC lifted its stake in shares of Ark Restaurants by 9.2% in the 4th quarter. Aristides Capital LLC now owns 20,661 shares of the restaurant operator’s stock worth $227,000 after acquiring an additional 1,733 shares during the period. Finally, Northern Trust Corp purchased a new stake in shares of Ark Restaurants in the fourth quarter valued at about $147,000. 31.95% of the stock is currently 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.