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

Posted by ABMN Staff on Dec 15th, 2024

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

Ark Restaurants Stock Down 4.4 %

ARKR stock opened at $13.48 on Friday. The firm has a market capitalization of $48.53 million, a PE ratio of -4.96 and a beta of 0.98. Ark Restaurants has a twelve month low of $9.75 and a twelve month high of $16.25. The stock’s 50 day moving average is $11.32 and its 200-day moving average is $12.47.

Institutional Trading of Ark Restaurants

A hedge fund recently raised its stake in Ark Restaurants stock. CM Management LLC raised its position in Ark Restaurants Corp. (NASDAQ:ARKR – Free Report) by 8.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 200,000 shares of the restaurant operator’s stock after buying an additional 15,393 shares during the period. Ark Restaurants accounts for 2.3% of CM Management LLC’s investment portfolio, making the stock its 13th biggest holding. CM Management LLC owned 5.55% of Ark Restaurants worth $2,622,000 at the end of the most recent quarter. Institutional investors own 31.95% of the company’s stock.

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.