Ark Restaurants (NASDAQ:ARKR) Announces Earnings Results

Ark Restaurants (NASDAQ:ARKR) issued its quarterly earnings results on Monday. The restaurant operator reported ($0.50) earnings per share for the quarter, Zacks reports. Ark Restaurants had a negative net margin of 8.50% and a negative return on equity of 19.82%.

Ark Restaurants Trading Down 5.3%

ARKR stock traded down $0.39 during mid-day trading on Monday, reaching $7.01. 5,391 shares of the stock traded hands, compared to its average volume of 4,738. The company has a current ratio of 0.76, a quick ratio of 0.67 and a debt-to-equity ratio of 0.06. Ark Restaurants has a 52-week low of $5.75 and a 52-week high of $12.60. The company has a market cap of $25.28 million, a P/E ratio of -1.84 and a beta of 0.34. The stock’s fifty day moving average is $6.83 and its 200-day moving average is $6.86.

Institutional Trading of Ark Restaurants

Hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP purchased a new stake in Ark Restaurants during the third quarter valued at about $137,000. Nokomis Capital L.L.C. purchased a new stake in Ark Restaurants during the third quarter valued at about $148,000. Finally, Empowered Funds LLC lifted its stake in Ark Restaurants by 8.1% during the first quarter. Empowered Funds LLC now owns 22,383 shares of the restaurant operator’s stock valued at $226,000 after buying an additional 1,674 shares in the last quarter. 31.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ark Restaurants in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.