Ark Restaurants (NASDAQ:ARKR) Coverage Initiated at StockNews.com

Posted by ABMN Staff on Dec 7th, 2024

Stock analysts at StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR – Get Free Report) in a research report issued on Thursday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Ark Restaurants Stock Up 24.2 %

NASDAQ ARKR opened at $15.28 on Thursday. The firm has a market capitalization of $55.01 million, a P/E ratio of -5.62 and a beta of 0.98. The company has a 50-day moving average price of $11.11 and a 200-day moving average price of $12.53. Ark Restaurants has a 52 week low of $9.75 and a 52 week high of $16.25.

Institutional Trading of Ark Restaurants

A hedge fund recently raised its stake in Ark Restaurants stock. Geode Capital Management LLC increased its holdings in shares of Ark Restaurants Corp. (NASDAQ:ARKR – Free Report) by 50.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,949 shares of the restaurant operator’s stock after purchasing an additional 7,017 shares during the quarter. Geode Capital Management LLC owned approximately 0.58% of Ark Restaurants worth $251,000 at the end of the most recent reporting period. 31.95% of the stock is currently owned by institutional investors.

Ark Restaurants Company Profile

(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.