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 report sent to investors on Monday morning. The firm issued a buy rating on the restaurant operator’s stock.

Ark Restaurants Price Performance

ARKR stock opened at $10.38 on Monday. The stock has a market capitalization of $37.37 million, a price-to-earnings ratio of -3.82 and a beta of 1.02. The company has a 50-day moving average of $11.52 and a two-hundred day moving average of $12.94. Ark Restaurants has a 52-week low of $10.06 and a 52-week high of $16.25.

Ark Restaurants (NASDAQ:ARKR) last released its earnings results on Monday, August 12th. The restaurant operator reported $0.72 earnings per share (EPS) for the quarter. The firm 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 increased its position in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,544 shares of the restaurant operator’s stock after buying an additional 1,225 shares during the quarter. Empowered Funds LLC owned 0.49% of Ark Restaurants worth $246,000 at the end of the most recent quarter. 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.