StockNews.com Begins Coverage on Ark Restaurants (NASDAQ:ARKR)

Stock analysts at StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research report issued on Monday. The firm set a “buy” rating on the restaurant operator’s stock.

Ark Restaurants Stock Performance

NASDAQ ARKR opened at $13.78 on Monday. 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 twelve month low of $10.27 and a twelve month high of $18.50. The business has a 50-day moving average price of $14.33 and a 200-day moving average price of $14.18. The firm has a market cap of $49.66 million, a price-to-earnings ratio of -6.82 and a beta of 1.00.

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

Insiders Place Their Bets

In other news, major shareholder Thomas A. Satterfield, Jr. acquired 6,100 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average price of $13.99 per share, for a total transaction of $85,339.00. Following the completion of the transaction, the insider now directly owns 52,600 shares in the company, valued at approximately $735,874. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 37.17% of the company’s stock.

Institutional Inflows and Outflows

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

Ark Restaurants Company Profile

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.