StockNews.com Initiates Coverage on Ark Restaurants (NASDAQ:ARKR)

StockNews.com assumed coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a research note published on Thursday. The firm issued a buy rating on the restaurant operator’s stock.

Separately, TheStreet upgraded Ark Restaurants from a d+ rating to a c rating in a report on Thursday, March 14th.

Ark Restaurants Price Performance

ARKR stock opened at $13.63 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.79 and a debt-to-equity ratio of 0.10. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $18.75. The stock’s 50 day moving average is $13.93 and its two-hundred day moving average is $14.57. The company has a market capitalization of $49.12 million, a PE ratio of -7.79 and a beta of 0.99.

Ark Restaurants (NASDAQ:ARKR) last posted its quarterly earnings data on Monday, February 12th. The restaurant operator reported $0.38 earnings per share (EPS) for the quarter. Ark Restaurants had a positive return on equity of 2.77% and a negative net margin of 3.40%. The company had revenue of $47.49 million for the quarter.

Ark Restaurants Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 29th were issued a $0.188 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.52%. Ark Restaurants’s dividend payout ratio (DPR) is -42.86%.

Ark Restaurants Company Profile

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.