Equities researchers at StockNews.com initiated coverage on shares of Ark Restaurants (NASDAQ:ARKR – Get Free Report) in a note issued to investors on Friday. The brokerage set a “buy” rating on the restaurant operator’s stock.
Ark Restaurants Price Performance
ARKR opened at $11.80 on Friday. The stock has a market cap of $42.53 million, a P/E ratio of -5.84 and a beta of 1.01. The stock’s 50 day simple moving average is $12.03 and its 200 day simple moving average is $13.30. Ark Restaurants has a 1-year low of $10.27 and a 1-year high of $16.25.
Ark Restaurants (NASDAQ:ARKR – Get Free Report) last released its quarterly earnings results on Monday, August 12th. The restaurant operator reported $0.72 earnings per share for the quarter. The business had revenue of $50.40 million for the quarter. Ark Restaurants had a positive return on equity of 0.14% and a negative net margin of 5.31%.
Institutional Investors Weigh In On Ark Restaurants
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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