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

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

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

Ark Restaurants Price Performance

ARKR stock traded up $0.10 during trading on Friday, hitting $13.55. 533 shares of the company traded hands, compared to its average volume of 1,638. The company has a 50-day moving average of $13.86 and a 200-day moving average of $14.52. The company has a current ratio of 0.79, a quick ratio of 0.68 and a debt-to-equity ratio of 0.10. Ark Restaurants has a 1 year low of $10.27 and a 1 year high of $18.75.

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. Ark Restaurants had a positive return on equity of 2.77% and a negative net margin of 3.40%. The firm had revenue of $47.49 million during the quarter.

Ark Restaurants Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.188 per share. The ex-dividend date was Wednesday, February 28th. This represents a $0.75 annualized dividend and a dividend yield of 5.55%. Ark Restaurants’s dividend payout ratio (DPR) is presently -42.86%.

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.