Ark Restaurants (NASDAQ:ARKR) Posts Earnings Results

Ark Restaurants (NASDAQ:ARKR) released its quarterly earnings results on Monday. The restaurant operator reported $0.25 EPS for the quarter, Zacks reports. Ark Restaurants had a negative return on equity of 18.53% and a negative net margin of 6.92%.

Ark Restaurants Stock Performance

Shares of NASDAQ:ARKR traded down $0.19 during trading on Monday, hitting $6.75. The stock had a trading volume of 1,821 shares, compared to its average volume of 3,115. The stock has a 50-day simple moving average of $6.68 and a two-hundred day simple moving average of $7.06. The stock has a market capitalization of $24.37 million, a price-to-earnings ratio of -2.12 and a beta of 0.38. Ark Restaurants has a 12-month low of $5.75 and a 12-month high of $13.05. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On Ark Restaurants

Hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP purchased a new position in Ark Restaurants during the third quarter worth approximately $137,000. Nokomis Capital L.L.C. acquired a new position in shares of Ark Restaurants during the 3rd quarter worth approximately $148,000. Finally, Empowered Funds LLC lifted its position in shares of Ark Restaurants by 8.1% during the 1st 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ark Restaurants in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently 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.