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

Stock analysts at StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKRGet Rating) in a report issued on Wednesday. The brokerage set a “hold” rating on the restaurant operator’s stock.

Shares of ARKR stock opened at $16.09 on Wednesday. The business’s fifty day simple moving average is $17.20 and its 200-day simple moving average is $17.37. The company has a market cap of $57.15 million, a PE ratio of 4.57 and a beta of 1.15. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 0.41. Ark Restaurants has a 12-month low of $14.39 and a 12-month high of $19.92.

Ark Restaurants (NASDAQ:ARKRGet Rating) last issued its quarterly earnings results on Monday, May 16th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter. The business had revenue of $39.59 million for the quarter. Ark Restaurants had a return on equity of 25.09% and a net margin of 7.53%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of Ark Restaurants by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 129,110 shares of the restaurant operator’s stock valued at $2,385,000 after acquiring an additional 6,413 shares during the period. Vanguard Group Inc. increased its position in shares of Ark Restaurants by 11.5% in the 1st quarter. Vanguard Group Inc. now owns 93,227 shares of the restaurant operator’s stock valued at $1,722,000 after acquiring an additional 9,638 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Ark Restaurants by 2.4% in the 1st quarter. Renaissance Technologies LLC now owns 30,211 shares of the restaurant operator’s stock valued at $558,000 after acquiring an additional 700 shares during the period. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

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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