Ark Restaurants (NASDAQ:ARKR) Stock Price Breaks Below 200 Day Moving Average – Here’s What Happened

by · The Markets Daily

Ark Restaurants Corp. (NASDAQ:ARKR – Get Free Report) shares passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $5.82 and traded as low as $4.40. Ark Restaurants shares last traded at $4.40, with a volume of 1,282 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ark Restaurants in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Ark Restaurants has a consensus rating of “Sell”.

Check Out Our Latest Analysis on ARKR

Ark Restaurants Trading Down 0.5%

The stock has a fifty day moving average of $4.89 and a two-hundred day moving average of $5.81. The company has a market capitalization of $15.88 million, a PE ratio of -5.00 and a beta of 0.37. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.22.

Ark Restaurants (NASDAQ:ARKR – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The restaurant operator reported ($0.10) earnings per share for the quarter. The business had revenue of $40.88 million during the quarter. Ark Restaurants had a negative return on equity of 10.61% and a negative net margin of 2.04%.

Insiders Place Their Bets

In other news, CEO Michael Lawrence Weinstein sold 176,701 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $4.57, for a total transaction of $807,523.57. Following the transaction, the chief executive officer directly owned 856,111 shares of the company’s stock, valued at approximately $3,912,427.27. The trade was a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 37.46% of the company’s stock.

Institutional Trading of Ark Restaurants

An institutional investor recently bought a new stake in Ark Restaurants stock. Empowered Funds LLC purchased a new position in Ark Restaurants Corp. (NASDAQ:ARKR – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,300 shares of the restaurant operator’s stock, valued at approximately $137,000. Empowered Funds LLC owned 0.65% of Ark Restaurants as of its most recent SEC filing. Hedge funds and other institutional investors own 31.95% of the company’s stock.

About Ark Restaurants

(Get Free Report)

Ark Restaurants Corp. is a restaurant owner and operator that develops and manages a portfolio of full-service dining establishments in the United States. Its restaurants offer a variety of cuisines and dining formats, including steakhouses, seafood restaurants, Italian dining, casual restaurants, sports bars and other specialty concepts.

The company operates a collection of individual restaurant brands and concepts rather than relying on a single national chain. Its portfolio has included establishments such as Bryant & Cooper Steakhouse, Jackson Hole, and other dining venues serving meals, beverages and, in some locations, catering or private-event customers.

Ark Restaurants serves customers primarily in major metropolitan and resort markets, including New York City and Long Island, Florida, Las Vegas and Washington, DC The company was established in 1983 and is headquartered in New York.

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