Ark Restaurants (NASDAQ:ARKR) Releases Quarterly Earnings Results

Ark Restaurants (NASDAQ:ARKR) announced its quarterly earnings data on Monday. The restaurant operator reported $0.07 earnings per share (EPS) for the quarter, Zacks reports. Ark Restaurants had a negative return on equity of 5.25% and a negative net margin of 5.55%.

Ark Restaurants Stock Performance

NASDAQ ARKR opened at $7.01 on Tuesday. Ark Restaurants has a twelve month low of $6.38 and a twelve month high of $17.76. The stock has a market capitalization of $25.31 million, a PE ratio of -2.55 and a beta of 0.70. The stock has a 50-day simple moving average of $9.02 and a 200 day simple moving average of $10.09.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on Ark Restaurants in a research report on Thursday, May 22nd. They issued a “buy” rating for the company.

Hedge Funds Weigh In On Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. Empowered Funds LLC boosted its position in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,383 shares of the restaurant operator’s stock after acquiring an additional 1,674 shares during the period. Empowered Funds LLC owned approximately 0.62% of Ark Restaurants worth $226,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 31.95% of the company’s stock.

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.