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Ark Restaurants (ARKR)

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

Ticker
ARKR
Exchange
CEO
Michael S. Weinstein
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Ark 37 38 Events LLC • Ark AC Burger Bar LLC • Ark Atlantic City Corp. • Ark Atlantic City Restaurant Corp. • Ark Boston RSS Corp. • Ark Bryant Park LLC • Ark Bryant Park Southwest LLC • Ark Causeway Real Estate LLC • Ark Connecticut Corp. • Ark Connecticut Investment LLC ...
IRS number
133156768

ARKR stock data

Calendar

17 May 22
12 Aug 22
28 Sep 22
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Oct 21 Oct 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 18.54M 18.54M 18.54M 18.54M 18.54M 18.54M
Cash burn (monthly) 541.67K (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 2.35M n/a n/a n/a n/a n/a
Cash remaining 16.19M n/a n/a n/a n/a n/a
Runway (months of cash) 29.9 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Aug 22 Satterfield Thomas A JR Common Stock Grant Acquire A Yes No 21.01 10,000 210.1K 180,000
3 Aug 22 Satterfield Thomas A JR Common Stock Grant Acquire A Yes No 20.91 4,979 104.11K 145,000
3 Aug 22 Satterfield Thomas A JR Common Stock Grant Acquire A Yes No 20.95 6,000 125.7K 50,000
3 Aug 22 Satterfield Thomas A JR Common Stock Grant Acquire A No No 20.94 1,500 31.41K 46,500
2 Aug 22 Satterfield Thomas A JR Common Stock Grant Acquire A Yes No 19.99 8,930 178.51K 170,000
2 Aug 22 Satterfield Thomas A JR Common Stock Grant Acquire A Yes No 20.51 3,021 61.96K 140,021
2 Aug 22 Satterfield Thomas A JR Common Stock Grant Acquire A Yes No 20.38 1,500 30.57K 44,000
2 Aug 22 Satterfield Thomas A JR Common Stock Grant Acquire A No No 20.49 1,500 30.73K 45,000
8 Jul 22 Satterfield Thomas A JR Common Stock Buy Acquire P No No 19.29 6,500 125.39K 43,500
8 Jul 22 Satterfield Thomas A JR Common Stock Buy Acquire P Yes No 19.08 24,070 459.26K 161,070
15.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 18 9 +100.0%
Opened positions 9 1 +800.0%
Closed positions 0 10 EXIT
Increased positions 2 1 +100.0%
Reduced positions 2 4 -50.0%
13F shares Current Prev Q Change
Total value 9.98M 5.29M +88.9%
Total shares 540.54K 315.54K +71.3%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
CM Management 130K $2.4M 0.0%
Dimensional Fund Advisors 129.11K $2.39M +5.2%
Vanguard 93.23K $1.72M NEW
FMR 48.9K $903K NEW
Bridgeway Capital Management 36.5K $674K NEW
First Manhattan 36.05K $665K NEW
Renaissance Technologies 30.21K $558K +2.4%
Geode Capital Management 12.58K $232K 0.0%
BLK Blackrock 9.68K $178K -10.2%
Northwestern Mutual Wealth Management 5.5K $102K 0.0%
Largest transactions Shares Bought/sold Change
Vanguard 93.23K +93.23K NEW
FMR 48.9K +48.9K NEW
Bridgeway Capital Management 36.5K +36.5K NEW
First Manhattan 36.05K +36.05K NEW
Dimensional Fund Advisors 129.11K +6.41K +5.2%
RY Royal Bank Of Canada 1.8K +1.8K NEW
BLK Blackrock 9.68K -1.09K -10.2%
UBS UBS Group AG - Registered Shares 1K +1K NEW
Money Concepts Capital 925 +925 NEW
Renaissance Technologies 30.21K +700 +2.4%

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.
  • We are 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. While restrictions on the type of permitted operating model and occupancy capacity may continue to change, all of our restaurants are currently operating with no dining restrictions. We cannot predict how long the COVID-19 pandemic will last, whether vaccines will be effective at eliminating or slowing the spread of the virus or variants, whether it will reoccur or whether variants will spike, what additional restrictions may be enacted, to what extent we can maintain sales volumes during or following any resumption of mandated social distancing protocols or vaccination or mask mandates and what long-lasting effects the COVID-19 pandemic may have on the restaurant industry as a whole. The ongoing effects of the COVID-19 pandemic, including, but not limited to, labor-related impacts, supply chain disruption and consumer behavior, will determine the continued significance of the impact of the COVID-19 pandemic to our operating results and financial position.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. senior Avg
New words: climate, interpretative, NV, refresh, repaid, slightly, unissued
Removed: Aid, assessment, challenging, civil, exceeded, modified, performed