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ARKR Ark Restaurants

Ark Restaurants owns and operates 20 restaurants and bars, 17 fast food concepts and catering operations primarily in New York City, Florida, Washington, D.C, Las Vegas, Nevada and the gulf coast of Alabama. Five restaurants are located in New York City, two are located in Washington, D.C., five are located in Las Vegas, Nevada, three are located in Atlantic City, New Jersey, three are located on the east coast of Florida and two are located on the Gulf Coast of Alabama. The Las Vegas operations include four restaurants within the New York-New York Hotel & Casino Resort and operation of the hotel's room service, banquet facilities, employee dining room and six food court concepts and one restaurant within the Planet Hollywood Resort and Casino. In Atlantic City, New Jersey, the Company operates a restaurant and a bar in the Resorts Atlantic City Hotel and Casino and a restaurant in the Tropicana Hotel and Casino. The operation at the Foxwoods Resort Casino consists of one fast food concept. The Florida operations include the Rustic Inn in Dania Beach, Shuckers in Jensen Beach and JB's on the Beach in Deerfield Beach, and the operation of four fast food facilities in Tampa and six fast food facilities in Hollywood, each at a Hard Rock Hotel and Casino operated by the Seminole Indian Tribe at these locations. In Alabama, the Company operates two Original Oyster Houses, one in Gulf Shores and one in Spanish Fort.

Company profile

ARKR stock data

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Calendar

18 May 21
2 Aug 21
28 Sep 21
Quarter (USD)
Apr 21 Jan 21 Oct 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Oct 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
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Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 11.4M 11.4M 11.4M 11.4M 11.4M 11.4M
Cash burn (monthly) (positive/no burn) (positive/no burn) 499K 1.09M (positive/no burn) 690.17K
Cash used (since last report) n/a n/a 1.99M 4.36M n/a 2.75M
Cash remaining n/a n/a 9.41M 7.04M n/a 8.64M
Runway (months of cash) n/a n/a 18.9 6.5 n/a 12.5

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Nov 20 Anthony Sirica Stock Option Right to Buy Common Stock Grant Aquire A No No 10.65 7,500 79.88K 42,500
3 Feb 20 Anthony Sirica Stock Option Right to Buy Common Stock Grant Aquire A No No 21.9 15,000 328.5K 35,000

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

17.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 19 17 +11.8%
Opened positions 4 3 +33.3%
Closed positions 2 6 -66.7%
Increased positions 6 3 +100.0%
Reduced positions 5 3 +66.7%
13F shares
Current Prev Q Change
Total value 12.41M 10.13M +22.5%
Total shares 616.1K 522.02K +18.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Dimensional Fund Advisors 128.12K $2.58M +4.9%
CM Management 115K $2.32M NEW
FMR 108.15K $2.18M -1.6%
Vanguard 83.7K $1.69M -1.9%
Renaissance Technologies 60.22K $1.21M -34.7%
Bridgeway Capital Management 47.9K $965K 0.0%
First Manhattan 35.95K $724K 0.0%
Geode Capital Management 12.58K $253K +21.9%
BLK Blackrock 10.7K $215K +0.5%
WFC Wells Fargo & Co. 4.84K $97K +37107.7%
Largest transactions
Shares Bought/sold Change
CM Management 115K +115K NEW
Renaissance Technologies 60.22K -32.05K -34.7%
Dimensional Fund Advisors 128.12K +6.01K +4.9%
WFC Wells Fargo & Co. 4.84K +4.82K +37107.7%
Geode Capital Management 12.58K +2.26K +21.9%
RY Royal Bank Of Canada 1.95K +1.95K NEW
FMR 108.15K -1.8K -1.6%
Vanguard 83.7K -1.63K -1.9%
UBS UBS Group AG - Registered Shares 1.25K -648 -34.1%
BAC Bank Of America 3.64K +294 +8.8%

Financial report summary

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Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • This section and other parts of this Quarterly Report on Form 10-Q ("Form 10-Q") contain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 ("PSLRA"), which are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different from the statements made herein. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to any historical or current facts. These statements may include words such as "aim," "anticipate," "believe," "estimate," "expect," "forecast," "future," "intend," "outlook," "potential," "project," "projection," "plan," "seek," "may," "could," "would," "will," "should," "can," "can have," "likely," the negatives thereof and other similar expressions. All forward-looking statements are expressly qualified in their entirety by these cautionary statements.
  • The Company is subject to continued risks and uncertainties as a result of the outbreak of, and local, state and federal governmental responses to, the COVID-19 pandemic which was declared a National Public Health Emergency in March 2020. We experienced significant disruptions to our business as suggested and mandated social distancing and shelter-in-place orders led to the temporary closure of all of our restaurants. In the third quarter of fiscal 2020, certain jurisdictions began allowing the reopening of indoor dining at varying capacities. However, restrictions on indoor dining capacity and social distancing protocols continue to change.
Content analysis
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New words: behavior, comfortable, created, infrequent, infrequently, judgement, long, marginally, Newco, reoccur, suggested, unrelated, unusual, valuation
Removed: applied, consisting, delayed, disrupted, drew, enable, enacting, free, furloughed, home, hourly, lifting, mandatory, measurement, million, obtaining, reinstate, response, seeking, senior, spread, stay, suspended, Utilized, vast, World