Ark Restaurants (NASDAQ:ARKR) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Ark Restaurants (NASDAQ:ARKR – Get Rating) in a research report sent to investors on Sunday. The firm issued a strong-buy rating on the restaurant operator’s stock.

Ark Restaurants Stock Performance

Shares of NASDAQ:ARKR opened at $18.11 on Friday. Ark Restaurants has a twelve month low of $15.38 and a twelve month high of $22.45. The firm has a market cap of $65.18 million, a PE ratio of 7.05 and a beta of 1.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.01 and a current ratio of 1.12. The business has a fifty day moving average of $18.01 and a 200-day moving average of $19.18.

Ark Restaurants (NASDAQ:ARKR – Get Rating) last announced its quarterly earnings data on Monday, December 19th. The restaurant operator reported $0.21 EPS for the quarter. The firm had revenue of $46.88 million during the quarter. Ark Restaurants had a return on equity of 16.34% and a net margin of 5.05%.

Ark Restaurants Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 13th. Stockholders of record on Wednesday, November 30th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, November 29th. This represents a $0.50 annualized dividend and a dividend yield of 2.76%. Ark Restaurants’s payout ratio is currently 19.46%.

Insider Transactions at Ark Restaurants

In related news, major shareholder Thomas A. Satterfield, Jr. bought 10,335 shares of the firm’s stock in a transaction dated Tuesday, December 20th. The stock was bought at an average cost of $16.36 per share, for a total transaction of $169,080.60. Following the transaction, the insider now owns 113,285 shares of the company’s stock, valued at $1,853,342.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 40.05% of the company’s stock.

Institutional Trading of Ark Restaurants

Large investors have recently bought and sold shares of the business. CM Management LLC boosted its holdings in shares of Ark Restaurants by 5.4% in the second quarter. CM Management LLC now owns 137,000 shares of the restaurant operator’s stock valued at $2,466,000 after buying an additional 7,000 shares during the period. James Investment Research Inc. increased its position in shares of Ark Restaurants by 107.8% during the second quarter. James Investment Research Inc. now owns 1,928 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 1,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ark Restaurants by 5.5% during the third quarter. Dimensional Fund Advisors LP now owns 137,786 shares of the restaurant operator’s stock worth $2,561,000 after acquiring an additional 7,177 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Ark Restaurants by 11.5% during the first quarter. Vanguard Group Inc. now owns 93,227 shares of the restaurant operator’s stock worth $1,722,000 after acquiring an additional 9,638 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Ark Restaurants by 11.3% during the second quarter. Renaissance Technologies LLC now owns 33,611 shares of the restaurant operator’s stock worth $605,000 after acquiring an additional 3,400 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

About Ark Restaurants

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Ark Restaurants Corp. engages in the operation of restaurants and bars, fast food concepts, and catering operations. It operates in New York City, Florida, Washington, D.C, Las Vegas, NV, and the gulf coast of Alabama. The company was founded on January 4, 1983 and is headquartered in New York, NY.