StockNews.com initiated coverage on shares of Ark Restaurants (NASDAQ:ARKR – Get Rating) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the restaurant operator’s stock.
ARKR stock opened at $16.84 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 1.12. Ark Restaurants has a 52 week low of $14.39 and a 52 week high of $20.50. The firm’s fifty day moving average is $17.70 and its 200 day moving average is $17.38. The firm has a market cap of $59.82 million, a P/E ratio of 4.78 and a beta of 1.15.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 13th. Investors of record on Tuesday, May 31st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Friday, May 27th.
About Ark Restaurants (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.
- Get a free copy of the StockNews.com research report on Ark Restaurants (ARKR)
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