November 17, 2016 - By Ruchi Gupta · 0 Comments
Ark Restaurants Corp (NASDAQ:ARKR) institutional sentiment decreased to 0.63 in Q2 2016. Its down -0.07, from 0.7 in 2016Q1. The ratio has dropped, as 5 hedge funds increased or opened new holdings, while 8 cut down and sold their equity positions in Ark Restaurants Corp. The hedge funds in our partner’s database now hold: 840,212 shares, up from 799,418 shares in 2016Q1. Also, the number of hedge funds holding Ark Restaurants Corp in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 5 Increased: 4 New Position: 1.
Ark Restaurants Corp. owns and operates approximately 20 restaurants and bars, over 20 fast food concepts and catering operations. The company has a market cap of $78.29 million. The Firm operates approximately six small food court restaurants and over one service restaurant in the Village Eateries food court at the New York-New York Hotel & Casino. It has a 15.31 P/E ratio. It also operates the hotel’s room service, banquet facilities and employee cafeteria.
The stock increased 0.23% or $0.05 on November 16, hitting $21.96. Ark Restaurants Corp (NASDAQ:ARKR) has risen 8.82% since April 15, 2016 and is uptrending. It has outperformed by 4.20% the S&P500.
Analysts await Ark Restaurants Corp (NASDAQ:ARKR) to report earnings on December, 28.
According to Zacks Investment Research, “Ark Restaurants Corp. is a holding company which, through subsidiaries, operates 29 restaurants, two bakeries and a cafeteria. Of those facilities, 23 restaurants and two bakeries are owned by the Company and six restaurants and the cafeteria are owned by others and managed by the Company.”
Dalton Greiner Hartman Maher & Co holds 0.26% of its portfolio in Ark Restaurants Corp for 185,878 shares. First Manhattan Co owns 39,350 shares or 0.01% of their US portfolio. Moreover, Acadian Asset Management Llc has 0% invested in the company for 372 shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Blackrock Fund Advisors, a California-based fund reported 5,047 shares.#img1#
Ark Restaurants Corp., incorporated on January 4, 1983, owns and operates approximately 20 restaurants and bars, over 20 fast food concepts and catering activities through its subsidiaries. The Firm operates approximately six small food court restaurants and over one service restaurant in the Village Eateries food court at the New York-New York Hotel & Casino. It also operates that hotel’s room service, banquet facilities and employee cafeteria. The Company’s restaurants include Center Cafe, Sequoia, Canyon Road, Bryant Park Grill & Cafe, Gallagher’s Steakhouse, Gonzalez y Gonzalez, Village Eateries, Robert, Thunder Grill, Gallagher’s Burger Bar, Yolos, Clyde Frazier’s Wine and Dine, Broadway Burger Bar and Grill, The Rustic Inn and Southwest Porch.
More important recent Ark Restaurants Corp (NASDAQ:ARKR) news were published by: Seekingalpha.com which released: “Ark Restaurants: A Hidden Underdog Within The Restaurant Industry? (ARKR)” on February 26, 2015, also Seekingalpha.com published article titled: “Ark Restaurants Is A Decent Business With Great Optionality (ARKR)”, Prnewswire.com published: “Landry’s Sends Letter To Ark Restaurants Corp. Questioning Motives Of Board” on March 08, 2013. More interesting news about Ark Restaurants Corp (NASDAQ:ARKR) was released by: Seekingalpha.com and their article: “Ark Restaurants: Very Reasonably Priced Microcap With A Nice Write-Up In Barron’s” with publication date: June 28, 2016.
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By Ruchi Gupta