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

Posted by ABMN Staff on Jan 24th, 2025

Investment analysts at StockNews.com assumed coverage on shares of Ark Restaurants (NASDAQ:ARKR – Get Free Report) in a note issued to investors on Wednesday. The firm set a “buy” rating on the restaurant operator’s stock.

Ark Restaurants Trading Up 4.4 %

Shares of NASDAQ:ARKR opened at $14.20 on Wednesday. The company has a market cap of $51.12 million, a price-to-earnings ratio of -13.15 and a beta of 0.94. Ark Restaurants has a 12 month low of $9.75 and a 12 month high of $17.76. The company has a 50-day moving average price of $12.21 and a 200-day moving average price of $12.16.

Institutional Trading of Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. Geode Capital Management LLC grew its holdings in shares of Ark Restaurants Corp. (NASDAQ:ARKR – Free Report) by 50.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,949 shares of the restaurant operator’s stock after purchasing an additional 7,017 shares during the period. Geode Capital Management LLC owned approximately 0.58% of Ark Restaurants worth $251,000 as of its most recent SEC filing. 31.95% of the stock is currently owned by institutional investors and hedge funds.

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.