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

Equities research analysts at StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Ark Restaurants Stock Performance

Shares of NASDAQ:ARKR opened at $11.79 on Monday. Ark Restaurants has a 52 week low of $10.27 and a 52 week high of $16.25. The company’s fifty day moving average is $12.68 and its 200-day moving average is $13.63. The company has a market capitalization of $42.49 million, a PE ratio of -5.84 and a beta of 1.01.

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

Institutional Trading of Ark Restaurants

A hedge fund recently raised its stake in Ark Restaurants stock. CM Management LLC grew its stake in Ark Restaurants Corp. (NASDAQ:ARKR) by 8.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,000 shares of the restaurant operator’s stock after acquiring an additional 15,393 shares during the quarter. Ark Restaurants accounts for 2.3% of CM Management LLC’s holdings, making the stock its 13th biggest position. CM Management LLC owned 5.55% of Ark Restaurants worth $2,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 31.95% of the company’s stock.

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.