Ark Restaurants Corp. (NASDAQ:ARKR) Short Interest Update

Ark Restaurants Corp. (NASDAQ:ARKRGet Rating) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 25,300 shares, a growth of 22.8% from the June 30th total of 20,600 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is currently 2.8 days.

Insider Activity at Ark Restaurants

In other news, major shareholder Thomas A. Satterfield, Jr. bought 5,500 shares of the stock in a transaction that occurred on Friday, June 24th. The stock was bought at an average cost of $16.73 per share, for a total transaction of $92,015.00. Following the acquisition, the insider now directly owns 37,000 shares of the company’s stock, valued at approximately $619,010. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Thomas A. Satterfield, Jr. bought 5,500 shares of the stock in a transaction that occurred on Friday, June 24th. The stock was bought at an average cost of $16.73 per share, for a total transaction of $92,015.00. Following the acquisition, the insider now directly owns 37,000 shares of the company’s stock, valued at approximately $619,010. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Thomas A. Satterfield, Jr. bought 8,707 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were purchased at an average price of $18.21 per share, with a total value of $158,554.47. Following the completion of the acquisition, the insider now directly owns 84,183 shares in the company, valued at $1,532,972.43. The disclosure for this purchase can be found here. Insiders bought 27,907 shares of company stock worth $497,854 in the last three months. 40.05% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ark Restaurants

Several hedge funds and other institutional investors have recently made changes to their positions in ARKR. Renaissance Technologies LLC grew its stake in Ark Restaurants by 2.4% during the 1st quarter. Renaissance Technologies LLC now owns 30,211 shares of the restaurant operator’s stock worth $558,000 after buying an additional 700 shares during the last quarter. James Investment Research Inc. grew its stake in Ark Restaurants by 107.8% during the 2nd quarter. James Investment Research Inc. now owns 1,928 shares of the restaurant operator’s stock worth $35,000 after buying an additional 1,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Ark Restaurants by 5.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 129,110 shares of the restaurant operator’s stock worth $2,385,000 after buying an additional 6,413 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Ark Restaurants by 11.5% during the 1st quarter. Vanguard Group Inc. now owns 93,227 shares of the restaurant operator’s stock worth $1,722,000 after buying an additional 9,638 shares during the last quarter. Institutional investors and hedge funds own 14.28% of the company’s stock.

Ark Restaurants Price Performance

ARKR stock opened at $19.95 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.12 and a quick ratio of 0.98. Ark Restaurants has a 1 year low of $14.39 and a 1 year high of $20.00. The firm has a market capitalization of $70.82 million, a P/E ratio of 5.67 and a beta of 1.06. The business’s 50-day moving average is $17.93 and its two-hundred day moving average is $17.71.

Ark Restaurants (NASDAQ:ARKRGet Rating) last issued its earnings results on Monday, May 16th. The restaurant operator reported $0.29 earnings per share for the quarter. Ark Restaurants had a return on equity of 25.09% and a net margin of 7.53%. The business had revenue of $39.59 million for the quarter.

Ark Restaurants Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 13th. Stockholders of record on Tuesday, May 31st were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Friday, May 27th. Ark Restaurants’s dividend payout ratio (DPR) is presently 14.20%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Ark Restaurants in a research report on Monday. They issued a “hold” rating on the stock.

Ark Restaurants Company Profile

(Get Rating)

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, DC; 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.

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