Ark Restaurants (NASDAQ:ARKR) Coverage Initiated at started coverage on shares of Ark Restaurants (NASDAQ:ARKRFree Report) in a research note issued to investors on Friday morning. The firm issued a buy rating on the restaurant operator’s stock.

Separately, TheStreet upgraded shares of Ark Restaurants from a c rating to a b- rating in a research note on Thursday, August 24th.

View Our Latest Analysis on ARKR

Ark Restaurants Price Performance

Shares of NASDAQ ARKR opened at $15.53 on Friday. The firm has a market cap of $55.91 million, a P/E ratio of 10.86 and a beta of 1.09. The company has a 50 day moving average of $15.39 and a 200 day moving average of $16.94. Ark Restaurants has a twelve month low of $14.84 and a twelve month high of $19.96. The company has a quick ratio of 0.73, a current ratio of 0.85 and a debt-to-equity ratio of 0.09.

Ark Restaurants Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.188 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Wednesday, November 29th. Ark Restaurants’s payout ratio is currently 52.45%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in Ark Restaurants by 2.4% during the first quarter. Renaissance Technologies LLC now owns 30,211 shares of the restaurant operator’s stock valued at $558,000 after purchasing an additional 700 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Ark Restaurants by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 141,985 shares of the restaurant operator’s stock valued at $2,456,000 after buying an additional 1,235 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Ark Restaurants by 1,694.6% during the 1st 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 during the period. First Manhattan Co. increased its holdings in Ark Restaurants by 7.8% in the 4th 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 in the last quarter. Finally, Avalon Trust Co bought a new stake in Ark Restaurants during the 1st quarter worth approximately $141,000. 17.30% of the stock is currently owned by institutional investors.

About Ark Restaurants

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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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