Chairman & CEO, 10% Owner Michael S Weinstein, Ark Restaurants Corporation Insider Buys $194,400 of Shares on June 12, 2014 Michael Weinstein, CEO of Ark Restaurants Corporation, bought 13,500 shares of Ark Restaurants Corporation (Stock Symbol: ARKR) at $14.40 per share for a total amount of $194.4 thousand on June 12, 2014.
Ark Restaurants Corporation is based in New York, New York. On 06/04/2014, Ark Restaurants Corporation announced today that the Board of Directors declared its regular quarterly dividend of 25 cents per share on the Company’s common stock to be paid on July 3, 2014 to shareholders of record at the close of business on June 18, 2014.
On 02/10/2014, Ark Restaurants Corporation announced its latest quarterly results. Total revenues for the three-month period ended December 28, 2013 were $32,138,000 versus $31,336,000 for the three months ended December 29, 2012. Company-wide same store sales increased 1.8% for the three-month period ended December 28, 2013 compared to the same three month period last year. This increase was primarily the result of strong revenues in New York which compared favorably against the negative impact of Hurricane Sandy in the prior year on our business in the Northeast.
According to Capital IQ, Ark Restaurants Corporation has a market cap of $71.41 million, an enterprise value of $77.18 million, and trailing 12 month revenues of $133.35 million. Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. As of September 28, 2013, it owned and operated 20 restaurants and bars, including 5 facilities located in New York City; 3 in Washington, D.C.; 7 in Las Vegas, Nevada; 3 in Atlantic City, New Jersey; 1 at the Foxwoods Resort Casino in Ledyard, Connecticut; and 1 in the Faneuil Hall Marketplace in Boston, Massachusetts, as well as had 22 fast food concepts and catering operations. Ark Restaurants Corp. was founded in 1983 and is based in New York, New York.
Michael Weinstein’s most recent annual compensation from Ark Restaurants Corporation is a salary of $1,028,220, $0 in other compensation, and a total compensation of $1,028,220. Mr. Weinstein is 70 years old.
According to his biography, Mr. Michael Weinstein is Chairman of the Board, Chief Executive Officer of Ark Restaurants Corp. He has been Chief Executive Officer and a director since inception in January 1983, was elected Chairman in 2004 and was President of the Company from January 1983 to September 2007. Mr. Weinstein is also the President of each of the subsidiaries. Mr. Weinstein is an officer, director and 29.67% shareholder of RSWB Corp. and a director and 28% owner of BSWR Corp. (since 1998). Mr. Weinstein is also the owner of 30.67% of the membership interests in New Docks LLC. Collectively, these companies operate three restaurants in New York City, and none of these companies is a parent, subsidiary or other affiliate of the Company. Mr. Weinstein spends substantially all of his business time on Company-related matters.
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