Ark Restaurants (ARKR) Stock Forecast, Price & News

Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. As of December 20, 2021, it owned and operated 17 restaurants and bars, including four restaurants located in New York City; one in Washington, D.C.; five in Las Vegas, Nevada; one in Atlantic City, New Jersey; four on the east coast of Florida; and two on the gulf coast of Alabama, as well as had 17 fast food concepts and catering operations. The company was incorporated in 1983 and is based in New York, New York.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Ark Restaurants in a report on Monday, August 1st. They issued a "hold" rating for the company.

Ark Restaurants Price Performance

NASDAQ:ARKR opened at $20.83 on Friday. Ark Restaurants has a one year low of $14.39 and a one year high of $21.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 1.12. The stock has a market cap of $73.95 million, a PE ratio of 5.92 and a beta of 1.06. The stock has a 50 day moving average price of $18.26 and a 200 day moving average price of $17.81.

Ark Restaurants (NASDAQ:ARKR - Get Rating) last posted its quarterly earnings results on Monday, May 16th. The restaurant operator reported $0.29 EPS for the quarter. Ark Restaurants had a return on equity of 25.09% and a net margin of 7.53%. The firm had revenue of $39.59 million during the quarter.

Ark Restaurants Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 13th. Shareholders of record on Tuesday, May 31st were paid a dividend of $0.125 per share. The ex-dividend date was Friday, May 27th. This represents a $0.50 annualized dividend and a yield of 2.40%. Ark Restaurants's dividend payout ratio (DPR) is 14.20%.

Insiders Place Their Bets

In other Ark Restaurants news, major shareholder Thomas A. Satterfield, Jr. bought 13,700 shares of the business's stock in a transaction on Thursday, July 7th. The stock was bought at an average price of $18.05 per share, with a total value of $247,285.00. Following the completion of the purchase, the insider now directly owns 97,883 shares in the company, valued at $1,766,788.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Thomas A. Satterfield, Jr. acquired 5,500 shares of the company's stock in a transaction dated Friday, June 24th. The stock was acquired at an average cost of $16.73 per share, with a total value of $92,015.00. Following the completion of the purchase, the insider now owns 37,000 shares of the company's stock, valued at approximately $619,010. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Thomas A. Satterfield, Jr. acquired 13,700 shares of the company's stock in a transaction dated Thursday, July 7th. The stock was purchased at an average cost of $18.05 per share, with a total value of $247,285.00. Following the completion of the purchase, the insider now directly owns 97,883 shares of the company's stock, valued at approximately $1,766,788.15. The disclosure for this purchase can be found here. Insiders acquired a total of 27,907 shares of company stock valued at $497,854 over the last quarter. 40.05% of the stock is owned by insiders.