Ark Restaurants (NASDAQ:ARKR) Earns Buy Rating from Analysts at Wall Street Zen

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

Ark Restaurants Stock Performance

Shares of NASDAQ ARKR opened at $11.97 on Thursday. Ark Restaurants has a 1 year low of $8.25 and a 1 year high of $17.76. The firm has a market cap of $43.15 million, a price-to-earnings ratio of -20.63 and a beta of 0.64. The stock’s 50-day simple moving average is $9.96 and its 200-day simple moving average is $11.19.

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

Hedge Funds Weigh In On Ark Restaurants

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARKR. Empowered Funds LLC lifted its position in shares of Ark Restaurants by 4.9% during the 4th quarter. Empowered Funds LLC now owns 20,709 shares of the restaurant operator’s stock valued at $228,000 after acquiring an additional 967 shares during the last quarter. Aristides Capital LLC lifted its holdings in shares of Ark Restaurants by 9.2% in the fourth quarter. Aristides Capital LLC now owns 20,661 shares of the restaurant operator’s stock valued at $227,000 after purchasing an additional 1,733 shares in the last quarter. Finally, Northern Trust Corp purchased a new stake in shares of Ark Restaurants in the fourth quarter valued at $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.