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

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

Ark Restaurants Price Performance

Shares of ARKR opened at $11.59 on Friday. The company has a market cap of $41.72 million, a P/E ratio of -5.74 and a beta of 1.01. Ark Restaurants has a 12 month low of $10.27 and a 12 month high of $16.45. The stock has a fifty day moving average price of $12.91 and a 200 day moving average price of $13.75.

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

Hedge Funds Weigh In On Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. Empowered Funds LLC grew its holdings in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 17,544 shares of the restaurant operator’s stock after acquiring an additional 1,225 shares during the quarter. Empowered Funds LLC owned about 0.49% of Ark Restaurants worth $246,000 as of its most recent SEC filing. 31.95% of the stock is 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.