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

Analysts at StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a report released on Wednesday. The brokerage set a “buy” rating on the restaurant operator’s stock.

Separately, TheStreet raised Ark Restaurants from a “d+” rating to a “c” rating in a report on Thursday, March 14th.

Ark Restaurants Stock Performance

ARKR opened at $13.74 on Wednesday. The firm has a market cap of $49.46 million, a P/E ratio of -7.85 and a beta of 0.99. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $18.75. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.68 and a current ratio of 0.79. The business’s fifty day moving average is $14.02 and its 200-day moving average is $14.65.

Ark Restaurants (NASDAQ:ARKR) last released its earnings results on Monday, February 12th. The restaurant operator reported $0.38 earnings per share (EPS) for the quarter. The company had revenue of $47.49 million for the quarter. Ark Restaurants had a positive return on equity of 2.77% and a negative net margin of 3.40%.

Institutional Trading of Ark Restaurants

Several large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in shares of Ark Restaurants by 1,694.6% during the first quarter. Tower Research Capital LLC TRC now owns 1,651 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 1,559 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Ark Restaurants during the second quarter valued at about $188,000. Northern Trust Corp acquired a new stake in shares of Ark Restaurants during the fourth quarter valued at about $144,000. Renaissance Technologies LLC boosted its stake in shares of Ark Restaurants by 2.4% during the first quarter. Renaissance Technologies LLC now owns 30,211 shares of the restaurant operator’s stock valued at $558,000 after purchasing an additional 700 shares in the last quarter. Finally, First Manhattan Co. raised its position in shares of Ark Restaurants by 7.8% during the fourth quarter. First Manhattan Co. now owns 39,957 shares of the restaurant operator’s stock worth $662,000 after acquiring an additional 2,907 shares during the last 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.