Ark Restaurants (NASDAQ:ARKR) Releases Earnings Results

Ark Restaurants (NASDAQ:ARKR) announced its earnings results on Monday. The restaurant operator reported ($0.53) EPS for the quarter, FiscalAI reports. The business had revenue of $37.32 million for the quarter. Ark Restaurants had a negative net margin of 8.15% and a negative return on equity of 11.48%. During the same period in the prior year, the company posted ($1.24) earnings per share.

Ark Restaurants Trading Up 2.2%

NASDAQ ARKR traded up $0.15 during trading on Monday, hitting $6.86. The stock had a trading volume of 12,475 shares, compared to its average volume of 7,590. The stock has a market capitalization of $24.74 million, a price-to-earnings ratio of -1.76 and a beta of 0.46. The stock has a 50 day simple moving average of $7.15 and a 200 day simple moving average of $7.89. Ark Restaurants has a one year low of $6.38 and a one year 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.

Institutional Trading of Ark Restaurants

A number of large investors have recently modified their holdings of ARKR. Susquehanna International Group LLP purchased a new position in Ark Restaurants during the 3rd quarter valued at about $137,000. Nokomis Capital L.L.C. purchased a new stake in shares of Ark Restaurants in the 3rd quarter worth approximately $148,000. Finally, Empowered Funds LLC boosted its stake in shares of Ark Restaurants by 8.1% during the first 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 in the last quarter. Hedge funds and other institutional investors own 31.95% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ark Restaurants in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus 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.