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

Equities researchers at StockNews.com initiated coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research note issued on Thursday. The firm set a “buy” rating on the restaurant operator’s stock.

Ark Restaurants Trading Down 1.6 %

Shares of NASDAQ ARKR opened at $13.31 on Thursday. The stock has a market capitalization of $47.92 million, a PE ratio of -12.32 and a beta of 0.94. The stock has a fifty day simple moving average of $12.62 and a 200-day simple moving average of $12.18. Ark Restaurants has a twelve month low of $9.75 and a twelve month high of $17.76.

Institutional Investors Weigh In On Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. Empowered Funds LLC lifted its position in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,709 shares of the restaurant operator’s stock after purchasing an additional 967 shares during the period. Empowered Funds LLC owned about 0.58% of Ark Restaurants worth $228,000 at the end of the most recent reporting period. 31.95% of the stock is owned by hedge funds and other institutional investors.

About Ark Restaurants

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.