Ark Restaurants Corp. (NASDAQ:ARKR – Get Free Report) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 12,821 shares, an increase of 72.1% from the April 15th total of 7,448 shares. Based on an average daily trading volume, of 3,226 shares, the days-to-cover ratio is presently 4.0 days. Approximately 0.6% of the company’s stock are short sold.
Institutional Investors Weigh In On Ark Restaurants
Several large investors have recently bought and sold shares of ARKR. Susquehanna International Group LLP purchased a new stake in Ark Restaurants during the 3rd quarter worth about $137,000. Nokomis Capital L.L.C. purchased a new stake in shares of Ark Restaurants during the 3rd quarter worth approximately $148,000. CM Management LLC boosted its stake in Ark Restaurants by 12.5% in the third quarter. CM Management LLC now owns 225,000 shares of the restaurant operator’s stock valued at $1,602,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Ark Restaurants by 8.1% in the 1st quarter. Empowered Funds LLC now owns 22,383 shares of the restaurant operator’s stock valued at $226,000 after purchasing an additional 1,674 shares during the period. Hedge funds and other institutional investors own 31.95% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ark Restaurants in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Ark Restaurants has an average rating of “Sell”.
Ark Restaurants Price Performance
Ark Restaurants stock opened at $6.61 on Tuesday. Ark Restaurants has a 1 year low of $5.75 and a 1 year high of $12.60. The company’s 50 day simple moving average is $6.81 and its 200-day simple moving average is $6.83. The company has a market capitalization of $23.86 million, a price-to-earnings ratio of -3.80 and a beta of 0.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.78 and a current ratio of 0.88.
Ark Restaurants (NASDAQ:ARKR – Get Free Report) last announced its earnings results on Monday, May 11th. The restaurant operator reported ($0.50) EPS for the quarter. Ark Restaurants had a negative net margin of 3.97% and a negative return on equity of 8.49%. The firm had revenue of $36.58 million for the quarter.
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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