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

Analysts at StockNews.com initiated coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a report released on Thursday. The brokerage 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

NASDAQ ARKR opened at $13.63 on Thursday. The company has a market capitalization of $49.12 million, a PE ratio of -7.79 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.68 and a current ratio of 0.79. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $18.75. The company has a 50-day simple moving average of $13.96 and a 200 day simple moving average of $14.59.

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

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.