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

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

Ark Restaurants Stock Down 2.0 %

Ark Restaurants stock opened at $10.14 on Wednesday. The stock has a market capitalization of $36.54 million, a PE ratio of -17.48 and a beta of 0.99. Ark Restaurants has a twelve month low of $9.75 and a twelve month high of $17.76. The company has a 50 day moving average of $11.98 and a 200-day moving average of $11.77.

Ark Restaurants (NASDAQ:ARKR) last released its quarterly earnings results on Monday, February 10th. The restaurant operator reported $0.18 earnings per share for the quarter. Ark Restaurants had a negative net margin of 1.16% and a positive return on equity of 4.22%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in Ark Restaurants by 50.4% during the third quarter. Geode Capital Management LLC now owns 20,949 shares of the restaurant operator’s stock worth $251,000 after purchasing an additional 7,017 shares during the last quarter. Empowered Funds LLC boosted its holdings in Ark Restaurants by 4.9% during the fourth quarter. Empowered Funds LLC now owns 20,709 shares of the restaurant operator’s stock worth $228,000 after purchasing an additional 967 shares during the last quarter. Aristides Capital LLC boosted its holdings in Ark Restaurants by 9.2% during the fourth quarter. Aristides Capital LLC now owns 20,661 shares of the restaurant operator’s stock worth $227,000 after purchasing an additional 1,733 shares during the last quarter. Finally, Northern Trust Corp acquired a new position in Ark Restaurants during the fourth quarter worth $147,000. 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.