Ark Restaurants (NASDAQ:ARKR) Releases Earnings Results

Ark Restaurants (NASDAQ:ARKR) released its quarterly earnings data on Monday. The restaurant operator reported ($0.53) earnings per share for the quarter, FiscalAI reports. Ark Restaurants had a negative net margin of 8.15% and a negative return on equity of 11.48%. The firm had revenue of $37.32 million for the quarter. During the same quarter last year, the business posted ($1.24) earnings per share.

Ark Restaurants Trading Up 2.2%

Shares of ARKR stock traded up $0.15 on Monday, hitting $6.86. The company had a trading volume of 12,475 shares, compared to its average volume of 7,590. Ark Restaurants has a twelve month low of $6.38 and a twelve month high of $17.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.88. The firm has a market cap of $24.74 million, a P/E ratio of -1.76 and a beta of 0.46. The stock’s 50-day moving average is $7.15 and its two-hundred day moving average is $7.89.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ARKR. Susquehanna International Group LLP bought a new stake in shares of Ark Restaurants in the 3rd quarter valued at $137,000. Nokomis Capital L.L.C. acquired a new stake in Ark Restaurants during the 3rd quarter worth about $148,000. Finally, Empowered Funds LLC raised 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 worth $226,000 after acquiring an additional 1,674 shares in the last quarter. Institutional investors and hedge funds own 31.95% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ark Restaurants in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Ark Restaurants Company Profile

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.