Ark Restaurants (NASDAQ:ARKR – Get Free Report) posted its quarterly earnings results on Monday. The restaurant operator reported ($0.50) earnings per share (EPS) for the quarter, Zacks reports. Ark Restaurants had a negative return on equity of 19.82% and a negative net margin of 8.50%.
Ark Restaurants Stock Down 5.3%
Shares of NASDAQ ARKR traded down $0.39 during mid-day trading on Monday, reaching $7.01. The company had a trading volume of 5,391 shares, compared to its average volume of 4,738. The stock has a fifty day moving average of $6.83 and a two-hundred day moving average of $6.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.67 and a current ratio of 0.76. The company has a market capitalization of $25.28 million, a price-to-earnings ratio of -1.84 and a beta of 0.34. Ark Restaurants has a 12-month low of $5.75 and a 12-month high of $12.60.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ark Restaurants in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.
Hedge Funds Weigh In On Ark Restaurants
A number of hedge funds have recently added to or reduced their stakes in ARKR. Susquehanna International Group LLP acquired a new position in Ark Restaurants in the third quarter worth approximately $137,000. Nokomis Capital L.L.C. acquired a new position in Ark Restaurants in the third quarter worth approximately $148,000. Finally, Empowered Funds LLC increased its holdings in Ark Restaurants by 8.1% in the first quarter. Empowered Funds LLC now owns 22,383 shares of the restaurant operator’s stock worth $226,000 after buying an additional 1,674 shares during the last quarter. Institutional investors and hedge funds own 31.95% of the company’s stock.
About Ark Restaurants
Ark Restaurants Corp., traded on NASDAQ under the ticker ARKR, is a Boca Raton, Florida–based restaurant operator. The company owns and manages a portfolio of casual and upscale dining venues that feature Cuban-inspired menus, full-service bars and live entertainment. Its concepts emphasize traditional Latin flavors paired with modern culinary techniques to appeal to a broad range of diners.
Ark Restaurants serves both on-premise and off-premise customers, offering dine-in seating, take-out, delivery and catering services.
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