Ark Restaurants (NASDAQ:ARKR) CEO Michael Lawrence Weinstein Sells 176,701 Shares of Company Stock

Ark Restaurants Corp. (NASDAQ:ARKR) CEO Michael Lawrence Weinstein sold 176,701 shares of the stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $4.57, for a total value of $807,523.57. Following the transaction, the chief executive officer directly owned 856,111 shares of the company’s stock, valued at $3,912,427.27. The trade was a 17.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ark Restaurants Trading Down 0.2%

Shares of Ark Restaurants stock traded down $0.01 during trading hours on Monday, hitting $4.50. The company’s stock had a trading volume of 520 shares, compared to its average volume of 5,251. The stock has a market cap of $16.23 million, a price-to-earnings ratio of -5.11 and a beta of 0.35. Ark Restaurants Corp. has a twelve month low of $4.46 and a twelve month high of $9.50. The firm has a fifty day moving average of $5.33 and a 200-day moving average of $6.08. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.68 and a current ratio of 0.78.

Ark Restaurants (NASDAQ:ARKR) last released its earnings results on Monday, August 10th. The restaurant operator reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $40.88 million for the quarter. Ark Restaurants had a negative return on equity of 10.61% and a negative net margin of 2.04%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Ark Restaurants stock. Susquehanna International Group LLP purchased a new position in Ark Restaurants Corp. (NASDAQ:ARKR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,745 shares of the restaurant operator’s stock, valued at approximately $81,000. Susquehanna International Group LLP owned about 0.38% of Ark Restaurants at the end of the most recent quarter. Institutional investors own 31.95% of the company’s stock.

Ark Restaurants Company Profile

Ark Restaurants Corp. is a restaurant company that owns, operates and develops a portfolio of full-service dining establishments in the United States. Its restaurants span a range of concepts, including casual dining, upscale dining, steakhouses, seafood restaurants, bars and entertainment-oriented venues.

The company’s operations are concentrated in major hospitality and tourism markets, including New York City, Las Vegas and Florida. Its properties generally serve lunch, dinner and beverages, with some locations also offering private dining, catering, banquets and other special-event services.