Ark Restaurants (NASDAQ:ARKR – Get Free Report) released its quarterly earnings data on Monday. The restaurant operator reported ($0.10) earnings per share (EPS) for the quarter, Zacks reports. Ark Restaurants had a negative return on equity of 8.49% and a negative net margin of 3.97%.
Ark Restaurants Price Performance
ARKR stock traded up $0.24 during midday trading on Monday, hitting $5.85. 1,680 shares of the stock were exchanged, compared to its average volume of 4,036. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.78 and a current ratio of 0.88. The stock’s 50-day moving average price is $5.95 and its 200-day moving average price is $6.49. Ark Restaurants has a fifty-two week low of $5.58 and a fifty-two week high of $9.50. The stock has a market cap of $21.10 million, a price-to-earnings ratio of -3.36 and a beta of 0.35.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ark Restaurants in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.
Institutional Trading of Ark Restaurants
A number of hedge funds have recently added to or reduced their stakes in ARKR. Empowered Funds LLC grew its stake in shares of Ark Restaurants by 8.1% during the 1st quarter. Empowered Funds LLC now owns 22,383 shares of the restaurant operator’s stock valued at $226,000 after buying an additional 1,674 shares during the period. Nokomis Capital L.L.C. acquired a new stake in shares of Ark Restaurants in the 3rd quarter worth about $148,000. Finally, Susquehanna International Group LLP acquired a new stake in Ark Restaurants in the 3rd quarter valued at approximately $137,000. 31.95% of the stock is owned by institutional investors and hedge funds.
Ark Restaurants Company Profile
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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