Stock analysts at StockNews.com began coverage on shares of Ark Restaurants (NASDAQ:ARKR – Get Rating) in a research report issued on Sunday. The firm set a “buy” rating on the restaurant operator’s stock.
Ark Restaurants Price Performance
ARKR opened at $18.75 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.82 and a debt-to-equity ratio of 0.10. Ark Restaurants has a 52-week low of $15.50 and a 52-week high of $22.45. The company has a 50 day moving average of $17.89 and a two-hundred day moving average of $18.08. The company has a market cap of $67.58 million, a P/E ratio of 9.33 and a beta of 1.06.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ARKR. Tower Research Capital LLC TRC raised its holdings in Ark Restaurants by 1,694.6% in the first quarter. Tower Research Capital LLC TRC now owns 1,651 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 1,559 shares in the last quarter. Avalon Trust Co acquired a new stake in Ark Restaurants in the first quarter valued at $141,000. Renaissance Technologies LLC raised its holdings in Ark Restaurants by 2.4% in the first quarter. Renaissance Technologies LLC now owns 30,211 shares of the restaurant operator’s stock valued at $558,000 after acquiring an additional 700 shares in the last quarter. First Manhattan Co. raised its holdings in Ark Restaurants by 7.8% in the fourth quarter. First Manhattan Co. now owns 39,957 shares of the restaurant operator’s stock valued at $662,000 after acquiring an additional 2,907 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Ark Restaurants by 11.5% in the first quarter. Vanguard Group Inc. now owns 93,227 shares of the restaurant operator’s stock valued at $1,722,000 after acquiring an additional 9,638 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.
About Ark Restaurants
Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. It operates 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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