Analysts at StockNews.com assumed coverage on shares of Ark Restaurants (NASDAQ:ARKR - Get Free Report) in a research note issued to investors on Sunday. The firm 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.
Get Our Latest Stock Analysis on Ark Restaurants
Ark Restaurants Stock Performance
Shares of NASDAQ:ARKR traded down $0.60 during trading on Friday, hitting $14.58. The company's stock had a trading volume of 837 shares, compared to its average volume of 2,541. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.74 and a quick ratio of 0.68. Ark Restaurants has a 12 month low of $10.27 and a 12 month high of $18.75. The firm has a market cap of $52.49 million, a price-to-earnings ratio of -7.22 and a beta of 0.97. The company has a 50-day moving average of $13.89 and a 200-day moving average of $14.43.
Insider Transactions at Ark Restaurants
In other Ark Restaurants news, major shareholder Thomas A. Satterfield, Jr. bought 6,100 shares of the firm's stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average price of $13.99 per share, with a total value of $85,339.00. Following the purchase, the insider now owns 52,600 shares of the company's stock, valued at $735,874. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 37.17% of the company's stock.
Hedge Funds Weigh In On Ark Restaurants
An institutional investor recently raised its position in Ark Restaurants stock. Empowered Funds LLC raised its stake in shares of Ark Restaurants Corp. (NASDAQ:ARKR - Free Report) by 7.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,544 shares of the restaurant operator's stock after purchasing an additional 1,225 shares during the period. Empowered Funds LLC owned 0.49% of Ark Restaurants worth $246,000 as of its most recent filing with the Securities & Exchange Commission. 31.95% of the stock is currently owned by hedge funds and other institutional investors.
Ark Restaurants Company Profile
(
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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.
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