Ark Restaurants (NASDAQ:ARKR) Issues Earnings Results

Ark Restaurants (NASDAQ:ARKR) posted its quarterly earnings data on Monday. The restaurant operator reported ($0.10) earnings per share for the quarter, Zacks reports. Ark Restaurants had a negative net margin of 3.97% and a negative return on equity of 8.49%.

Ark Restaurants Trading Up 4.3%

NASDAQ:ARKR traded up $0.24 on Monday, hitting $5.85. 1,680 shares of the stock were exchanged, compared to its average volume of 4,036. The stock has a market capitalization of $21.10 million, a price-to-earnings ratio of -3.36 and a beta of 0.35. Ark Restaurants has a 52 week low of $5.58 and a 52 week high of $9.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.78 and a current ratio of 0.88. The company’s 50-day moving average price is $5.95 and its 200 day moving average price is $6.49.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Empowered Funds LLC boosted 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 worth $226,000 after purchasing an additional 1,674 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of Ark Restaurants in the 3rd quarter valued at approximately $137,000. Finally, Nokomis Capital L.L.C. bought a new position in Ark Restaurants in the third quarter valued at approximately $148,000. Institutional investors own 31.95% of the company’s stock.

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.