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

Analysts at StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKRGet Free Report) in a note issued to investors on Wednesday. The firm set a “buy” rating on the restaurant operator’s stock.

Ark Restaurants Trading Up 2.4 %

NASDAQ:ARKR opened at $11.78 on Wednesday. The firm has a market capitalization of $42.42 million, a price-to-earnings ratio of -5.83 and a beta of 1.01. The firm’s fifty day simple moving average is $12.28 and its 200 day simple moving average is $13.45. Ark Restaurants has a twelve month low of $10.27 and a twelve month high of $16.25.

Ark Restaurants (NASDAQ:ARKRGet Free Report) last posted its earnings results on Monday, August 12th. The restaurant operator reported $0.72 earnings per share for the quarter. The business had revenue of $50.40 million for the quarter. Ark Restaurants had a negative net margin of 5.31% and a positive return on equity of 0.14%.

Hedge Funds Weigh In On Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. CM Management LLC boosted its position in Ark Restaurants Corp. (NASDAQ:ARKRFree Report) by 8.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,000 shares of the restaurant operator’s stock after buying an additional 15,393 shares during the quarter. Ark Restaurants accounts for approximately 2.3% of CM Management LLC’s holdings, making the stock its 13th biggest holding. CM Management LLC owned about 5.55% of Ark Restaurants worth $2,622,000 at the end of the most recent quarter. Institutional investors and hedge funds own 31.95% of the company’s stock.

Ark Restaurants Company Profile

(Get Free Report)

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.

Further Reading

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