Equities researchers at StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR - Get Free Report) in a report released on Tuesday. The firm set a "buy" rating on the restaurant operator's stock.
Ark Restaurants Stock Down 1.5 %
Ark Restaurants stock traded down $0.21 during mid-day trading on Tuesday, hitting $13.94. 673 shares of the stock were exchanged, compared to its average volume of 10,797. The firm's fifty day simple moving average is $11.73 and its two-hundred day simple moving average is $12.13. Ark Restaurants has a 12 month low of $9.75 and a 12 month high of $17.76. The stock has a market capitalization of $50.24 million, a price-to-earnings ratio of -5.12 and a beta of 0.94.
Hedge Funds Weigh In On Ark Restaurants
A hedge fund recently raised its stake in Ark Restaurants stock. Geode Capital Management LLC lifted its stake in shares of Ark Restaurants Corp. (NASDAQ:ARKR - Free Report) by 50.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,949 shares of the restaurant operator's stock after purchasing an additional 7,017 shares during the quarter. Geode Capital Management LLC owned 0.58% of Ark Restaurants worth $251,000 as of its most recent SEC filing. 31.95% of the stock is currently owned by institutional investors.
Ark Restaurants Company Profile
(
Get Free Report)
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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