Ark Restaurants (NASDAQ:ARKR) Releases Earnings Results

Ark Restaurants (NASDAQ:ARKR) issued its earnings results on Monday. The restaurant operator reported ($0.50) earnings per share for the quarter, Zacks reports. Ark Restaurants had a negative return on equity of 8.38% and a negative net margin of 3.97%.The firm had revenue of $36.58 million during the quarter.

Ark Restaurants Price Performance

Shares of NASDAQ ARKR remained flat at $6.47 during midday trading on Wednesday. The stock had a trading volume of 2,240 shares, compared to its average volume of 12,462. The stock has a 50 day moving average of $6.84 and a 200 day moving average of $6.85. Ark Restaurants has a 52-week low of $5.75 and a 52-week high of $12.60. The company has a quick ratio of 0.67, a current ratio of 0.76 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $23.36 million, a PE ratio of -3.72 and a beta of 0.34.

Hedge Funds Weigh In On Ark Restaurants

Several institutional investors have recently bought and sold shares of ARKR. Empowered Funds LLC increased its stake in Ark Restaurants by 8.1% during the first 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 during the last quarter. Susquehanna International Group LLP bought a new position in shares of Ark Restaurants during the 3rd quarter valued at approximately $137,000. Finally, Nokomis Capital L.L.C. purchased a new stake in Ark Restaurants during the 3rd quarter valued at $148,000. Institutional investors own 31.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ark Restaurants in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Ark Restaurants Company Profile

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.