Ark Restaurants (ARKR) Set to Announce Quarterly Earnings on Tuesday

Ark Restaurants (NASDAQ:ARKR) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, August 13th.

Ark Restaurants (NASDAQ:ARKR) last posted its quarterly earnings data on Monday, May 13th. The restaurant operator reported ($0.40) EPS for the quarter. The company had revenue of $42.26 million during the quarter. Ark Restaurants had a positive return on equity of 1.19% and a negative net margin of 3.91%.

Ark Restaurants Trading Down 1.1 %

Shares of Ark Restaurants stock traded down $0.15 during midday trading on Friday, reaching $12.76. The company had a trading volume of 161 shares, compared to its average volume of 2,481. Ark Restaurants has a fifty-two week low of $10.27 and a fifty-two week high of $18.28. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.74 and a quick ratio of 0.65. The stock has a fifty day moving average price of $13.77 and a 200 day moving average price of $14.08. The firm has a market cap of $45.98 million, a PE ratio of -6.32 and a beta of 1.00.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Ark Restaurants in a research note on Wednesday. They issued a “buy” rating on the stock.

Insider Buying and Selling at Ark Restaurants

In other news, major shareholder Thomas A. Satterfield, Jr. acquired 6,100 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was purchased at an average price of $13.99 per share, for a total transaction of $85,339.00. Following the completion of the acquisition, the insider now directly owns 52,600 shares in the company, valued at approximately $735,874. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 37.17% of the company’s 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.