Ark Restaurants Corp CEO Acquires $519,615 in Stock (ARKR)
Ark Restaurants Corp (NASDAQ:ARKR) CEO Michael S. Weinstein acquired 40,500 shares of Ark Restaurants Corp stock on the open market in a transaction dated Tuesday, June 3rd. The stock was purchased at an average price of $12.83 per share, for a total transaction of $519,615.00. Following the completion of the transaction, the chief executive officer now directly owns 1,085,569 shares of the company’s stock, valued at approximately $13,927,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Ark Restaurants Corp (NASDAQ:ARKR) remained flat at $22.34 during during mid-day trading trading on Thursday. 3,183 shares of the company’s stock traded hands. Ark Restaurants Corp has a 52 week low of $20.00 and a 52 week high of $22.96. The stock’s 50-day moving average is $21.78 and its 200-day moving average is $21.78. The company has a market cap of $72.9 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 announced a quarterly dividend, which is scheduled for Thursday, July 3rd. Investors of record on Wednesday, June 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.48%.
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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