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

Equities research analysts at StockNews.com assumed coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a report released on Friday. The firm set 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 research report on Thursday, March 14th.

Ark Restaurants Stock Performance

Shares of ARKR opened at $13.11 on Friday. The firm has a 50-day moving average price of $14.42 and a 200 day moving average price of $14.30. The firm has a market capitalization of $47.20 million, a PE ratio of -6.49 and a beta of 1.01. The company has a quick ratio of 0.65, a current ratio of 0.74 and a debt-to-equity ratio of 0.08. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $18.75.

Ark Restaurants (NASDAQ:ARKR) last announced its earnings results on Monday, May 13th. The restaurant operator reported ($0.40) earnings per share (EPS) for the quarter. The company had revenue of $42.26 million during the quarter. Ark Restaurants had a negative net margin of 3.91% and a positive return on equity of 1.19%.

Insider Buying and Selling at Ark Restaurants

In other Ark Restaurants news, major shareholder Thomas A. Satterfield, Jr. purchased 6,100 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was bought at an average cost of $13.99 per share, with a total value of $85,339.00. Following the acquisition, the insider now owns 52,600 shares of the company’s stock, valued at $735,874. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 37.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ark Restaurants

A hedge fund recently raised its stake in Ark Restaurants stock. Empowered Funds LLC raised its position in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 7.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,544 shares of the restaurant operator’s stock after buying an additional 1,225 shares during the quarter. Empowered Funds LLC owned 0.49% of Ark Restaurants worth $246,000 at the end of the most recent quarter. 31.95% of the stock is owned by institutional investors and hedge funds.

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.