Ark Restaurants (NASDAQ:ARKR) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research report sent to investors on Tuesday. The firm issued a buy rating on the restaurant operator’s stock.

Ark Restaurants Stock Up 2.9 %

Shares of ARKR opened at $14.30 on Tuesday. The company has a market cap of $51.54 million, a price-to-earnings ratio of -13.24 and a beta of 0.94. Ark Restaurants has a twelve month low of $9.75 and a twelve month high of $17.76. The company has a 50 day moving average of $11.94 and a two-hundred day moving average of $12.16.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ark Restaurants stock. Geode Capital Management LLC raised its position in Ark Restaurants Corp. (NASDAQ:ARKR) by 50.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,949 shares of the restaurant operator’s stock after buying an additional 7,017 shares during the period. Geode Capital Management LLC owned about 0.58% of Ark Restaurants worth $251,000 at the end of the most recent quarter. 31.95% of the stock is 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.