Ark Restaurants (NASDAQ:ARKR) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research report issued on Wednesday. The firm set a “buy” rating on the restaurant operator’s stock.

Separately, TheStreet upgraded Ark Restaurants from a “d+” rating to a “c” rating in a research note on Thursday, March 14th.

Ark Restaurants Stock Performance

Shares of ARKR stock opened at $13.74 on Wednesday. The business has a fifty day moving average of $14.02 and a 200 day moving average of $14.65. The firm has a market capitalization of $49.46 million, a price-to-earnings ratio of -7.85 and a beta of 0.99. Ark Restaurants has a 1 year low of $10.27 and a 1 year high of $18.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.79 and a quick ratio of 0.68.

Ark Restaurants (NASDAQ:ARKR) last released its quarterly earnings data on Monday, February 12th. The restaurant operator reported $0.38 earnings per share for the quarter. The business had revenue of $47.49 million during the quarter. Ark Restaurants had a positive return on equity of 2.77% and a negative net margin of 3.40%.

Institutional Investors Weigh In On Ark Restaurants

A number of institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in Ark Restaurants by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 141,985 shares of the restaurant operator’s stock worth $2,456,000 after buying an additional 1,235 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Ark Restaurants by 11.5% during the 1st quarter. Vanguard Group Inc. now owns 93,227 shares of the restaurant operator’s stock valued at $1,722,000 after buying an additional 9,638 shares during the period. Bridgeway Capital Management LLC raised its position in shares of Ark Restaurants by 3.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 40,219 shares of the restaurant operator’s stock valued at $569,000 after buying an additional 1,344 shares during the period. First Manhattan Co. raised its position in shares of Ark Restaurants by 7.8% during the 4th quarter. First Manhattan Co. now owns 39,957 shares of the restaurant operator’s stock valued at $662,000 after buying an additional 2,907 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Ark Restaurants by 6.7% during the 1st quarter. Renaissance Technologies LLC now owns 36,811 shares of the restaurant operator’s stock valued at $650,000 after buying an additional 2,300 shares during the period. 31.95% of the stock is currently owned by institutional investors and hedge funds.

Ark Restaurants Company Profile

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.