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

StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR – Get Rating) in a report issued on Tuesday. The firm set a “hold” rating on the restaurant operator’s stock.

Shares of Ark Restaurants stock opened at $17.49 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market cap of $62.12 million, a price-to-earnings ratio of 3.99 and a beta of 1.22. The business has a fifty day simple moving average of $18.03 and a 200-day simple moving average of $17.09. Ark Restaurants has a fifty-two week low of $14.39 and a fifty-two week high of $22.00.

Ark Restaurants (NASDAQ:ARKR – Get Rating) last announced its quarterly earnings data on Monday, February 14th. The restaurant operator reported $0.61 earnings per share for the quarter. The business had revenue of $43.99 million during the quarter. Ark Restaurants had a return on equity of 33.31% and a net margin of 10.20%.

An institutional investor recently raised its position in Ark Restaurants stock. Wells Fargo & Company MN grew its stake in shares of Ark Restaurants Corp. (NASDAQ:ARKR – Get Rating) by 25.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,066 shares of the restaurant operator’s stock after purchasing an additional 1,229 shares during the period. Wells Fargo & Company MN owned about 0.17% of Ark Restaurants worth $120,000 as of its most recent SEC filing. Institutional investors own 14.44% of the company’s stock.

Ark Restaurants Company Profile (Get Rating)

Ark Restaurants Corp. owns and operates restaurants and bars, fast food concepts and catering operations in the U.S. It operates in New York City, Florida, Washington, D.C, Las Vegas, NV and the gulf coast of Alabama. The company was founded in January 1983 and is headquartered in New York, NY.

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