Ark Restaurants (NASDAQ:ARKR) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Ark Restaurants (NASDAQ:ARKRGet Rating) in a research note issued on Sunday. The firm set a “hold” rating on the restaurant operator’s stock.

Shares of Ark Restaurants stock opened at $16.89 on Friday. The firm has a market cap of $59.99 million, a PE ratio of 4.80 and a beta of 1.15. Ark Restaurants has a 1 year low of $14.39 and a 1 year high of $20.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.12 and a quick ratio of 0.98. The stock has a fifty day moving average price of $17.61 and a 200-day moving average price of $17.38.

A number of large investors have recently added to or reduced their stakes in ARKR. Wells Fargo & Company MN increased its position in Ark Restaurants by 25.4% in the second quarter. Wells Fargo & Company MN now owns 6,066 shares of the restaurant operator’s stock worth $120,000 after buying an additional 1,229 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Ark Restaurants by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 129,110 shares of the restaurant operator’s stock worth $2,385,000 after buying an additional 6,413 shares during the last quarter. Vanguard Group Inc. increased its position in Ark Restaurants by 11.5% in the first quarter. Vanguard Group Inc. now owns 93,227 shares of the restaurant operator’s stock worth $1,722,000 after buying an additional 9,638 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Ark Restaurants by 2.4% in the first quarter. Renaissance Technologies LLC now owns 30,211 shares of the restaurant operator’s stock worth $558,000 after buying an additional 700 shares during the last quarter. 14.28% of the stock is 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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