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

Equities researchers at StockNews.com assumed coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research report issued on Thursday. The brokerage set a “buy” rating on the restaurant operator’s stock.

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

Ark Restaurants Stock Performance

ARKR opened at $13.63 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.79 and a debt-to-equity ratio of 0.10. The company has a market cap of $49.07 million, a price-to-earnings ratio of -7.79 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 firm’s fifty day simple moving average is $13.93 and its two-hundred day simple moving average is $14.57.

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

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.