Ark Restaurants Corp CEO Purchases $519,615 in Stock (ARKR)

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Ark Restaurants Corp (NASDAQ:ARKR) CEO Michael S. Weinstein acquired 40,500 shares of Ark Restaurants Corp stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average cost of $12.83 per share, for a total transaction of $519,615.00. Following the purchase, the chief executive officer now directly owns 1,085,569 shares of the company’s stock, valued at approximately $13,927,850. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Ark Restaurants Corp (NASDAQ:ARKR) opened at 22.708 on Friday. Ark Restaurants Corp has a 1-year low of $20.00 and a 1-year high of $22.96. The stock has a 50-day moving average of $21.83 and a 200-day moving average of $21.79. The company has a market cap of $74.1 million and a price-to-earnings ratio of 17.34.

Ark Restaurants Corp (NASDAQ:ARKR) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $31.04 million for the quarter, compared to the consensus estimate of $29.09 million.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 3rd. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Monday, June 16th.

Ark Restaurants Corp. (NASDAQ:ARKR) owns and/or operates 22 restaurants and bars, 29 fast food concepts and catering operations through its subsidiaries.

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