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

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

Ark Restaurants (NASDAQ:ARKRGet Free Report) 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.

Check Out Our Latest Stock Report on Ark Restaurants

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

(Get Free Report)

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.

Further Reading

Earnings History for Ark Restaurants (NASDAQ:ARKR)

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