Ark Restaurants (NASDAQ:ARKR) CEO Sells $807,523.57 in Stock

Ark Restaurants Corp. (NASDAQ:ARKR) CEO Michael Lawrence Weinstein sold 176,701 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $4.57, for a total value of $807,523.57. Following the completion of the sale, the chief executive officer owned 856,111 shares of the company’s stock, valued at approximately $3,912,427.27. This trade represents a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ark Restaurants Trading Down 0.4%

Shares of ARKR stock opened at $4.51 on Thursday. Ark Restaurants Corp. has a 12 month low of $4.40 and a 12 month high of $9.50. The company has a market cap of $16.26 million, a PE ratio of -5.12 and a beta of 0.35. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $5.25 and its two-hundred day moving average is $6.04.

Ark Restaurants (NASDAQ:ARKR) last posted its quarterly earnings data on Monday, August 10th. The restaurant operator reported ($0.10) earnings per share (EPS) for the quarter. The firm 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%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat.com, Ark Restaurants has an average rating of “Sell”.

Institutional Investors Weigh In On Ark Restaurants

An institutional investor recently bought a new stake in Ark Restaurants stock. Susquehanna International Group LLP bought a new position in shares of Ark Restaurants Corp. (NASDAQ:ARKR) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 13,745 shares of the restaurant operator’s stock, valued at approximately $81,000. Susquehanna International Group LLP owned approximately 0.38% of Ark Restaurants as of its most recent SEC filing. Institutional investors own 31.95% of the company’s stock.

About Ark Restaurants

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.