Dimensional Fund Advisors LP Sells 1,036 Shares of Ark Restaurants Corp. (NASDAQ:ARKR)

Dimensional Fund Advisors LP trimmed its holdings in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 134,574 shares of the restaurant operator’s stock after selling 1,036 shares during the period. Dimensional Fund Advisors LP owned approximately 3.73% of Ark Restaurants worth $1,751,000 as of its most recent filing with the SEC.

Separately, Empowered Funds LLC raised its position in shares of Ark Restaurants by 7.5% during the first quarter. Empowered Funds LLC now owns 17,544 shares of the restaurant operator’s stock worth $246,000 after purchasing an additional 1,225 shares during the period. 31.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Ark Restaurants in a research report on Thursday. They set a “buy” rating on the stock.

Ark Restaurants Stock Down 0.4 %

Shares of NASDAQ:ARKR opened at $11.80 on Friday. Ark Restaurants Corp. has a twelve month low of $10.27 and a twelve month high of $16.25. The stock’s 50 day moving average is $12.11 and its 200-day moving average is $13.37. The firm has a market capitalization of $42.48 million, a price-to-earnings ratio of -4.34 and a beta of 1.01.

Ark Restaurants (NASDAQ:ARKR) last issued its earnings results on Monday, August 12th. The restaurant operator reported $0.72 earnings per share for the quarter. Ark Restaurants had a positive return on equity of 0.14% and a negative net margin of 5.31%. The company had revenue of $50.40 million for the quarter.

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.