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

StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research note published on Wednesday. The brokerage issued a buy rating on the restaurant operator’s stock.

Separately, TheStreet upgraded shares of Ark Restaurants from a d+ rating to a c rating in a report on Thursday, March 14th.

Ark Restaurants Stock Performance

Shares of Ark Restaurants stock opened at $14.00 on Wednesday. The firm has a market capitalization of $50.46 million, a P/E ratio of -8.00 and a beta of 0.99. The company has a quick ratio of 0.68, a current ratio of 0.79 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average price of $14.00 and a 200 day moving average price of $14.63. Ark Restaurants has a 52 week low of $10.27 and a 52 week high of $18.75.

Ark Restaurants (NASDAQ:ARKR) last issued its quarterly earnings results on Monday, February 12th. The restaurant operator reported $0.38 earnings per share 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Thursday, February 29th were issued a $0.188 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.75 annualized dividend and a yield of 5.37%. Ark Restaurants’s dividend payout ratio (DPR) is presently -42.86%.

Hedge Funds Weigh In On Ark Restaurants

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp acquired a new stake in shares of Ark Restaurants during the 4th quarter worth approximately $144,000. Citadel Advisors LLC acquired a new stake in shares of Ark Restaurants during the 2nd quarter worth approximately $188,000. Renaissance Technologies LLC grew its stake 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 worth $650,000 after purchasing an additional 2,300 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Ark Restaurants by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 141,985 shares of the restaurant operator’s stock worth $2,456,000 after purchasing an additional 1,235 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Ark Restaurants by 1,694.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,651 shares of the restaurant operator’s stock worth $29,000 after purchasing an additional 1,559 shares during the period. Institutional investors and hedge funds own 31.95% of the company’s stock.

About Ark Restaurants

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.