Ark Restaurants Corp. (NASDAQ:ARKR) Plans Quarterly Dividend of $0.19

Ark Restaurants Corp. (NASDAQ:ARKR) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.188 per share by the restaurant operator on Wednesday, June 12th. This represents a $0.75 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Friday, May 31st.

Ark Restaurants Stock Performance

ARKR stock remained flat at $13.52 during mid-day trading on Thursday. 1,235 shares of the company’s stock traded hands, compared to its average volume of 2,100. The company has a current ratio of 0.79, a quick ratio of 0.68 and a debt-to-equity ratio of 0.10. The company has a market cap of $48.73 million, a price-to-earnings ratio of -7.73 and a beta of 0.97. The business has a fifty day simple moving average of $13.82 and a 200 day simple moving average of $14.47. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $18.75.

Ark Restaurants (NASDAQ:ARKR) last posted its quarterly earnings data on Monday, February 12th. The restaurant operator reported $0.38 earnings per share (EPS) for the quarter. Ark Restaurants had a negative net margin of 3.40% and a positive return on equity of 2.77%. The company had revenue of $47.49 million for the quarter.

Analyst Ratings Changes

ARKR has been the subject of a number of recent research reports. TheStreet raised shares of Ark Restaurants from a “d+” rating to a “c” rating in a research report on Thursday, March 14th. StockNews.com started coverage on Ark Restaurants in a research report on Friday, May 3rd. They issued a “buy” rating on the stock.

Ark Restaurants Company Profile

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.