Ark Restaurants (NASDAQ:ARKR) Shares Break Above Fifty Day Moving Average – What’s Next?

Ark Restaurants Corp. (NASDAQ:ARKR)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $4.74 and traded as high as $5.11. Ark Restaurants shares last traded at $5.01, with a volume of 10,395 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ark Restaurants in a report on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Ark Restaurants Trading Up 8.0%

The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.22. The firm has a market cap of $18.09 million, a price-to-earnings ratio of -5.69 and a beta of 0.37. The company has a fifty day moving average price of $4.74 and a 200-day moving average price of $6.02.

Ark Restaurants (NASDAQ:ARKR) last posted its earnings results on Monday, August 10th. The restaurant operator reported ($0.10) earnings per share for the quarter. Ark Restaurants had a negative net margin of 2.04% and a negative return on equity of 10.61%. The firm had revenue of $40.88 million for the quarter.

Insider Buying and Selling

In related news, CEO Michael Lawrence Weinstein sold 176,701 shares of Ark Restaurants stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $4.57, for a total value of $807,523.57. Following the completion of the transaction, the chief executive officer owned 856,111 shares in the company, valued at $3,912,427.27. The trade was a 17.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 37.46% of the company’s stock.

Institutional Trading of Ark Restaurants

An institutional investor recently bought a new position in Ark Restaurants stock. Susquehanna International Group LLP bought a new position in shares of Ark Restaurants Corp. (NASDAQ:ARKR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,745 shares of the restaurant operator’s stock, valued at approximately $81,000. Susquehanna International Group LLP owned approximately 0.38% of Ark Restaurants as of its most recent SEC filing. Hedge funds and other institutional investors own 31.95% of the company’s stock.

Ark Restaurants Company Profile

Ark Restaurants Corp. owns and operates a portfolio of restaurants, bars and other food-service venues in the United States. Its establishments span a range of dining formats, including full-service restaurants, casual dining locations, steakhouses, bars and limited-service food concepts. The company serves a variety of cuisines and customer segments, from everyday dining to destination and entertainment-oriented venues.

Ark Restaurants’ operations have historically been concentrated in major hospitality and tourism markets, including New York City, Washington, DC, and Las Vegas, Nevada, with additional locations in other U.S.