Ark Restaurants Corp. (NASDAQ:ARKR) Announces $0.19 Quarterly Dividend

Posted by Doug Wharley on May 9th, 2024

Ark Restaurants Corp. (NASDAQ:ARKR – Get Free Report) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Investors of record on Friday, May 31st will be given a dividend of 0.188 per share by the restaurant operator on Wednesday, June 12th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date of this dividend is Friday, May 31st.

Ark Restaurants Price Performance

Shares of ARKR stock remained flat at $13.52 during trading hours on Thursday. The company’s stock had a trading volume of 1,235 shares, compared to its average volume of 2,100. The company has a quick ratio of 0.68, a current ratio of 0.79 and a debt-to-equity ratio of 0.10. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $18.75. The firm has a market capitalization of $48.73 million, a P/E ratio of -7.73 and a beta of 0.97. The company’s fifty day moving average is $13.82 and its 200 day moving average is $14.47.

Ark Restaurants (NASDAQ:ARKR – Get Free Report) last released its quarterly earnings data on Monday, February 12th. The restaurant operator reported $0.38 earnings per share for the quarter. Ark Restaurants had a positive return on equity of 2.77% and a negative net margin of 3.40%. The company had revenue of $47.49 million for the quarter.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ARKR shares. TheStreet upgraded shares of Ark Restaurants from a “d+” rating to a “c” rating in a report on Thursday, March 14th. StockNews.com assumed coverage on Ark Restaurants in a research report on Friday, May 3rd. They set a “buy” rating for the company.

Read Our Latest Analysis on Ark Restaurants

Ark Restaurants Company Profile

(Get Free Report)

Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. It operates restaurants in New York City; Washington, DC; Las Vegas, Nevada; Atlantic City, New Jersey; Florida; and Alabama, as well as fast food concepts and catering operations. The company was incorporated in 1983 and is based in New York, New York.