Ark Restaurants (NASDAQ:ARKR) Receives New Coverage from Analysts at

Equities research analysts at initiated coverage on shares of Ark Restaurants (NASDAQ:ARKRGet Free Report) in a report released on Wednesday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Separately, TheStreet upgraded Ark Restaurants from a “d+” rating to a “c” rating in a report on Thursday, March 14th.

Read Our Latest Research Report on ARKR

Ark Restaurants Stock Performance

NASDAQ ARKR opened at $15.44 on Wednesday. Ark Restaurants has a 1-year low of $10.27 and a 1-year high of $18.75. The company has a current ratio of 0.74, a quick ratio of 0.65 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $14.37 and a 200-day moving average of $14.41. The firm has a market cap of $55.58 million, a PE ratio of -7.64 and a beta of 1.01.

Ark Restaurants (NASDAQ:ARKRGet Free Report) last announced its quarterly earnings results on Monday, May 13th. The restaurant operator reported ($0.40) earnings per share (EPS) for the quarter. Ark Restaurants had a negative net margin of 3.91% and a positive return on equity of 1.19%. The business had revenue of $42.26 million for the quarter.

Insider Buying and Selling

In other Ark Restaurants news, major shareholder Thomas A. Satterfield, Jr. acquired 6,100 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average cost of $13.99 per share, with a total value of $85,339.00. Following the transaction, the insider now owns 52,600 shares of the company’s stock, valued at approximately $735,874. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 37.17% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ark Restaurants

A hedge fund recently raised its stake in Ark Restaurants stock. Empowered Funds LLC boosted its holdings in Ark Restaurants Corp. (NASDAQ:ARKRFree Report) by 7.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 17,544 shares of the restaurant operator’s stock after buying an additional 1,225 shares during the period. Empowered Funds LLC owned 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.

About Ark Restaurants

(Get Free Report)

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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