Ark Restaurants (NASDAQ:ARKR) is receiving new coverage from analysts at StockNews.com

StockNews.com initiated coverage of the stock of Ark Restaurants (NASDAQ:ARKR – Free Report) in a report published Sunday morning. The firm issued a buy rating on the restaurant operator’s stock.

Ark Restaurants price performance

Shares of NASDAQ:ARKR opened at $11.59 on Friday. The stock’s 50-day moving average price is $12.91 and its 200-day moving average price is $13.75. The stock has a market cap of $41.72 million, a price-to-earnings ratio of -5.74 and a beta of 1.01. Ark Restaurants has a 12-month low of $10.27 and a 12-month high of $16.45.

Ark Restaurants (NASDAQ:ARKR – Get Your Free Report ) last issued its quarterly earnings data on Monday, August 12th. The restaurant operator reported $0.72 EPS for the quarter. Ark Restaurants had a positive return on equity of 0.14% and a negative net margin of 5.31%. The company had revenue of $50.40 million for the quarter.

Hedge funds influence Ark restaurants

A hedge fund recently increased its stake in Ark Restaurants stock. CM Management LLC increased its holdings in shares of Ark Restaurants Corp. (NASDAQ:ARKR – Free Report) by 8.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 200,000 shares of the restaurant operator’s stock after buying an additional 15,393 shares during the period. Ark Restaurants comprises approximately 2.3% of CM Management LLC’s investment portfolio, making the stock its 13th largest position. CM Management LLC owned about 5.55% of Ark Restaurants worth $2,622,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 31.95% of the company’s shares.

Ark Restaurants company profile

(Get a free report)

Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. 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 founded in 1983 and is headquartered in New York, New York.

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