Ark Restaurants (NASDAQ:ARKR) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research note published on Monday. The brokerage issued a buy rating on the restaurant operator’s stock.

Ark Restaurants Stock Up 0.1 %

NASDAQ:ARKR opened at $10.39 on Monday. Ark Restaurants has a 52 week low of $9.80 and a 52 week high of $16.25. The stock’s 50-day moving average price is $11.48 and its 200-day moving average price is $12.93. The stock has a market capitalization of $37.40 million, a PE ratio of -3.82 and a beta of 1.02.

Ark Restaurants (NASDAQ:ARKR) last issued its quarterly earnings data 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 positive return on equity of 0.14% and a negative net margin of 5.31%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ark Restaurants stock. Empowered Funds LLC grew its position in Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

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.