Ark Restaurants (NASDAQ:ARKR) Research Coverage Started at Wall Street Zen

Wall Street Zen assumed coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research note issued to investors on Thursday morning. The brokerage issued a buy rating on the restaurant operator’s stock.

Ark Restaurants Trading Up 1.8%

Shares of ARKR stock opened at $11.97 on Thursday. Ark Restaurants has a 12-month low of $8.25 and a 12-month high of $17.76. The stock’s 50-day moving average price is $9.96 and its 200-day moving average price is $11.20. The stock has a market capitalization of $43.15 million, a price-to-earnings ratio of -20.63 and a beta of 0.64.

Ark Restaurants (NASDAQ:ARKR) last issued its quarterly earnings data on Monday, May 12th. The restaurant operator reported ($1.62) earnings per share for the quarter. Ark Restaurants had a positive return on equity of 4.22% and a negative net margin of 1.16%. The company had revenue of $39.73 million for the quarter.

Institutional Investors Weigh In On Ark Restaurants

Several large investors have recently added to or reduced their stakes in ARKR. Empowered Funds LLC increased its stake in Ark Restaurants by 4.9% during the fourth quarter. Empowered Funds LLC now owns 20,709 shares of the restaurant operator’s stock worth $228,000 after acquiring an additional 967 shares during the last quarter. Aristides Capital LLC increased its stake in Ark Restaurants by 9.2% during the fourth quarter. Aristides Capital LLC now owns 20,661 shares of the restaurant operator’s stock worth $227,000 after acquiring an additional 1,733 shares during the last quarter. Finally, Northern Trust Corp bought a new stake in Ark Restaurants during the fourth quarter worth approximately $147,000. 31.95% of the stock is owned by 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.