Ark Restaurants (NASDAQ:ARKR) Issues Earnings Results

Ark Restaurants (NASDAQ:ARKR) posted its quarterly earnings results on Monday. The restaurant operator reported ($0.10) earnings per share 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 Stock Up 4.3%

Shares of Ark Restaurants stock traded up $0.24 on Monday, reaching $5.85. 1,680 shares of the company were exchanged, compared to its average volume of 4,036. Ark Restaurants has a one year low of $5.58 and a one year high of $9.50. The company has a market capitalization of $21.10 million, a price-to-earnings ratio of -3.36 and a beta of 0.35. The company has a current ratio of 0.88, a quick ratio of 0.78 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $5.95 and a 200 day moving average of $6.49.

Hedge Funds Weigh In On Ark Restaurants

A number of institutional investors have recently added to or reduced their stakes in ARKR. Susquehanna International Group LLP bought a new stake in Ark Restaurants during the third quarter worth $137,000. Nokomis Capital L.L.C. bought a new position in shares of Ark Restaurants in the 3rd quarter valued at about $148,000. Finally, Empowered Funds LLC grew 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 valued at $226,000 after acquiring an additional 1,674 shares during the period. 31.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ark Restaurants in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

About Ark Restaurants

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.