Ark Restaurants (NASDAQ:ARKR – Get Free Report) issued its quarterly earnings data on Monday. The restaurant operator reported ($1.62) earnings per share for the quarter, Zacks reports. The business had revenue of $39.73 million during the quarter. Ark Restaurants had a positive return on equity of 4.22% and a negative net margin of 1.16%.
Ark Restaurants Stock Down 3.4%
NASDAQ ARKR opened at $10.69 on Wednesday. Ark Restaurants has a twelve month low of $8.25 and a twelve month high of $17.76. The firm has a market capitalization of $38.48 million, a PE ratio of -18.43 and a beta of 0.64. The stock’s 50 day moving average is $9.72 and its 200 day moving average is $11.15.
Analysts Set New Price Targets
Separately, StockNews.com assumed coverage on Ark Restaurants in a research report on Wednesday. They issued a “buy” rating on the stock.
About Ark Restaurants
Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. It operates restaurants in New York City; Washington, DC; Las Vegas, Nevada; Atlantic City, New Jersey; Florida; and Alabama, as well as fast food concepts and catering operations. The company was incorporated in 1983 and is based in New York, New York.
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