Ark Restaurants (NASDAQ:ARKR) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Ark Restaurants (NASDAQ:ARKR - Free Report) in a report published on Monday morning. The firm issued a buy rating on the restaurant operator's stock.

Ark Restaurants Price Performance

Shares of Ark Restaurants stock traded up $1.48 on Monday, hitting $16.21. 26,475 shares of the company's stock traded hands, compared to its average volume of 19,725. The company has a fifty day moving average of $11.24 and a two-hundred day moving average of $12.08. Ark Restaurants has a one year low of $9.75 and a one year high of $16.56. The company has a market capitalization of $58.42 million, a price-to-earnings ratio of -5.96 and a beta of 0.94.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ark Restaurants stock. Geode Capital Management LLC grew its stake in shares of Ark Restaurants Corp. (NASDAQ:ARKR - Free Report) by 50.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,949 shares of the restaurant operator's stock after purchasing an additional 7,017 shares during the period. Geode Capital Management LLC owned about 0.58% of Ark Restaurants worth $251,000 as of its most recent filing with the SEC. 31.95% of the stock is owned by institutional investors.

About Ark Restaurants

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.