Ark Restaurants (NASDAQ:ARKR – Get Rating) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Saturday.
Ark Restaurants Stock Performance
ARKR opened at $18.25 on Friday. The firm has a market cap of $65.77 million, a P/E ratio of 9.08 and a beta of 1.07. Ark Restaurants has a 1-year low of $15.50 and a 1-year high of $22.45. The company has a 50 day simple moving average of $17.75 and a two-hundred day simple moving average of $18.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.82 and a quick ratio of 1.05.
Hedge Funds Weigh In On Ark Restaurants
Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in shares of Ark Restaurants by 1,694.6% during the first quarter. Tower Research Capital LLC TRC now owns 1,651 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 1,559 shares during the last quarter. Avalon Trust Co bought a new position in shares of Ark Restaurants during the first quarter worth $141,000. Renaissance Technologies LLC boosted its position in shares of Ark Restaurants by 2.4% during the first quarter. Renaissance Technologies LLC now owns 30,211 shares of the restaurant operator’s stock worth $558,000 after acquiring an additional 700 shares during the last quarter. First Manhattan Co. boosted its position in shares of Ark Restaurants by 7.8% during the fourth quarter. First Manhattan Co. now owns 39,957 shares of the restaurant operator’s stock worth $662,000 after acquiring an additional 2,907 shares during the last quarter. Finally, Verdad Advisers LP bought a new position in shares of Ark Restaurants during the third quarter worth $744,000. Institutional investors own 16.53% of the company’s stock.
About Ark Restaurants
Ark Restaurants Corp. engages in the operation of restaurants and bars, fast food concepts, and catering operations. It operates in New York City, Florida, Washington, D.C, Las Vegas, NV, and the gulf coast of Alabama. The company was founded on January 4, 1983 and is headquartered in New York, NY.
Further Reading
- Get a free copy of the StockNews.com research report on Ark Restaurants (ARKR)
- Applied Materials: Cracks In The Chip Recovery Or Time To Buy?
- Deere & Company Rallies On Farm Equipment Boom, Bullish Outlook
- How Many Roth IRAs Can You Have?
- Why You Should Consider Buying Nvidia Ahead Of Earnings
- Foot Locker And The Ebbing Tide Of Discretionary Spending
Receive News & Ratings for Ark Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ark Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.
