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

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

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

Ark Restaurants Stock Performance

NASDAQ:ARKR opened at $13.63 on Thursday. The firm has a 50-day simple moving average of $13.94 and a 200-day simple moving average of $14.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.68 and a current ratio of 0.79. Ark Restaurants has a one year low of $10.27 and a one year high of $18.75.

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

Ark Restaurants Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Thursday, February 29th were issued a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend was Wednesday, February 28th. 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.