StockNews.com initiated coverage on shares of Ark Restaurants (NASDAQ:ARKR – Free Report) in a report published on Thursday. The brokerage issued a buy rating on the restaurant operator’s stock.
Separately, TheStreet raised shares of Ark Restaurants from a d+ rating to a c rating in a research note on Thursday, March 14th.
Get Our Latest Stock Analysis on Ark Restaurants
Ark Restaurants Price Performance
Ark Restaurants (NASDAQ:ARKR – Get Free Report) last released its quarterly earnings results on Monday, May 13th. The restaurant operator reported ($0.40) earnings per share (EPS) for the quarter. The business had revenue of $42.26 million for the quarter. Ark Restaurants had a negative net margin of 3.91% and a positive return on equity of 1.19%.
Ark Restaurants Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Friday, May 31st were given a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend was Friday, May 31st. Ark Restaurants’s dividend payout ratio (DPR) is -37.13%.
Insider Buying and Selling at Ark Restaurants
In other news, major shareholder Thomas A. Satterfield, Jr. acquired 6,100 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were acquired at an average price of $13.99 per share, for a total transaction of $85,339.00. Following the completion of the transaction, the insider now directly owns 52,600 shares of the company’s stock, valued at approximately $735,874. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 37.17% of the company’s stock.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Ark Restaurants stock. Empowered Funds LLC lifted its stake in Ark Restaurants Corp. (NASDAQ:ARKR – Free Report) by 7.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,544 shares of the restaurant operator’s stock after purchasing an additional 1,225 shares during the period. Empowered Funds LLC owned about 0.49% of Ark Restaurants worth $246,000 at the end of the most recent quarter. 31.95% of the stock is currently owned by institutional investors and hedge funds.
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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