Ark Restaurants (NASDAQ:ARKR) Posts 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 2.04% and a negative return on equity of 10.51%. The company had revenue of $40.88 million for the quarter.

Ark Restaurants Price Performance

Shares of Ark Restaurants stock remained flat at $5.90 on Wednesday. 12,564 shares of the stock traded hands, compared to its average volume of 1,085. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.78 and a current ratio of 0.88. Ark Restaurants has a 1 year low of $5.35 and a 1 year high of $9.50. The firm has a market cap of $21.30 million, a PE ratio of -6.70 and a beta of 0.35. The firm has a 50 day moving average of $5.94 and a 200-day moving average of $6.48.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Ark Restaurants

A number of large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in shares of Ark Restaurants by 8.1% in the first 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 bought a new position in Ark Restaurants during the 3rd quarter valued at approximately $137,000. Finally, Nokomis Capital L.L.C. bought a new position in Ark Restaurants during the 3rd quarter valued at approximately $148,000. Institutional investors own 31.95% of the company’s stock.

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.