Zacks Initiates Coverage of Ark Restaurants With Underperform Recommendation [Yahoo! Finance]
Ark Restaurants Corp. (ARKR)
US:NASDAQ Investor Relations:
arkrestaurants.com
Company Research
Source: Yahoo! Finance
This bearish stance reflects significant concerns over the company's recent financial performance and operational challenges. Ark Restaurants, based in New York, operates as an owner and operator of 17 restaurants and bars, 16 fast food concepts, and catering operations across the United States. Its establishments, situated in key locations such as New York City, Washington, D.C., Las Vegas, Nevada, Atlantic City, New Jersey, the east coast of Florida, and the Gulf Coast of Alabama, are designed to capture high patron traffic due to their unique locations and the appeal of their catered events. Despite a slight 0.9% uptick in reported revenues in the second quarter of fiscal 2024, Ark Restaurants' EBITDA decreased significantly to a loss of $0.3 million from a positive $1 million in the same period last year. This decline in profitability is further exacerbated by a widening net loss, which grew to $1.5 million from $0.5 million year over year. Ark Restaurants is grappling with
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ARKR
News
- Ark Restaurants Corp. (NASDAQ: ARKR) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Ark Restaurants Corp. (NASDAQ: ARKR) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Ark Restaurants Corp. (NASDAQ: ARKR) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Ark Restaurants Corp. (NASDAQ: ARKR) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Ark Restaurants Corp. (NASDAQ: ARKR) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
ARKR
Sec Filings
- 5/22/24 - Form 4
- 5/16/24 - Form 4
- 5/14/24 - Form 10-Q
- ARKR's page on the SEC website