Ark Restaurants (NASDAQ:ARKR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKRGet Rating) in a report published on Wednesday morning. The firm issued a hold rating on the restaurant operator’s stock.

NASDAQ:ARKR opened at $16.09 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 1.12. The stock has a market capitalization of $57.15 million, a P/E ratio of 4.57 and a beta of 1.15. The company has a 50 day moving average price of $17.20 and a 200 day moving average price of $17.37. Ark Restaurants has a fifty-two week low of $14.39 and a fifty-two week high of $19.92.

Ark Restaurants (NASDAQ:ARKRGet Rating) last posted its quarterly earnings data on Monday, May 16th. The restaurant operator reported $0.29 earnings per share for the quarter. The firm had revenue of $39.59 million during the quarter. Ark Restaurants had a net margin of 7.53% and a return on equity of 25.09%.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 13th. Shareholders of record on Tuesday, May 31st were given a $0.125 dividend. The ex-dividend date was Friday, May 27th. This represents a $0.50 annualized dividend and a yield of 3.11%. Ark Restaurants’s dividend payout ratio is presently 14.20%.

A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC boosted its position in Ark Restaurants by 2.4% in the 1st quarter. Renaissance Technologies LLC now owns 30,211 shares of the restaurant operator’s stock valued at $558,000 after buying an additional 700 shares during the period. Vanguard Group Inc. boosted its position in Ark Restaurants by 11.5% in the 1st quarter. Vanguard Group Inc. now owns 93,227 shares of the restaurant operator’s stock valued at $1,722,000 after buying an additional 9,638 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Ark Restaurants by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 129,110 shares of the restaurant operator’s stock valued at $2,385,000 after buying an additional 6,413 shares during the period. 14.28% of the stock is owned by institutional investors.

Ark Restaurants Company Profile (Get Rating)

Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. As of December 20, 2021, it owned and operated 17 restaurants and bars, including four restaurants located in New York City; one in Washington, DC; five in Las Vegas, Nevada; one in Atlantic City, New Jersey; four on the east coast of Florida; and two on the gulf coast of Alabama, as well as had 17 fast food concepts and catering operations.

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