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

StockNews.com initiated coverage on shares of Ark Restaurants (NASDAQ:ARKRGet Rating) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the restaurant operator’s stock.

ARKR opened at $16.52 on Friday. The company has a market cap of $58.68 million, a P/E ratio of 3.77 and a beta of 1.15. The business’s 50-day moving average price is $17.85 and its 200-day moving average price is $17.32. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 0.45. Ark Restaurants has a 12 month low of $14.39 and a 12 month high of $22.00.

Ark Restaurants (NASDAQ:ARKRGet Rating) last posted its earnings results on Monday, February 14th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter. Ark Restaurants had a return on equity of 33.31% and a net margin of 10.20%. The firm had revenue of $43.99 million for the quarter.

An institutional investor recently raised its position in Ark Restaurants stock. Wells Fargo & Company MN raised its position in shares of Ark Restaurants Corp. (NASDAQ:ARKRGet Rating) by 25.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,066 shares of the restaurant operator’s stock after buying an additional 1,229 shares during the quarter. Wells Fargo & Company MN owned about 0.17% of Ark Restaurants worth $120,000 at the end of the most recent quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Ark Restaurants Company Profile (Get Rating)

Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. As of December 20, 2021, it owned and operated 17 restaurants and bars, including four restaurants located in New York City; one in Washington, DC; five in Las Vegas, Nevada; one in Atlantic City, New Jersey; four on the east coast of Florida; and two on the gulf coast of Alabama, as well as had 17 fast food concepts and catering operations.

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