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Jan 18, 2024 (filed on Apr 12, 2024)Insider Name:Sirica AnthonyOwnership Type:Direct OwnershipSecurities:Option (Right to Buy)Nature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:25,000Price:--
Filings by filing date
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Jan 18, 2024 (filed on Apr 12, 2024)Insider Name:Sirica AnthonyOwnership Type:Direct OwnershipSecurities:Option (Right to Buy)Nature of Transaction:A - Grant, award or other under Rule 16b-3(d)# or value acquired/disposed of:25,000Price:--
News
Biz Brief
Sector: Consumer Cyclicals | Industry: Restaurants & Bars |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 85 Fifth Avenue NEW YORK NY 10003-3019 |
Tel: | N/A |
Website: | https://arkrestaurants.com |
IR: | See website |
Key People | ||
Michael Lawrence Weinstein Chairman of the Board, Chief Executive Officer | Anthony J. Sirica President, Chief Financial Officer, Director | Vincent Pascal Chief Operating Officer, Senior Vice President, Director |
Jennifer Jordan Co-Chief Operating Officer | Samuel Weinstein Co-Chief Operating Officer |
Business Overview |
Ark Restaurants Corp. owns and operates approximately 17 restaurants and bars, 16 fast food concepts and catering operations. It operates four restaurant and bar facilities are located in New York City, one is located in Washington, D.C., five are located in Las Vegas, Nevada, one is located in Atlantic City, New Jersey, four 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 and Casino Resort and one restaurant within the Planet Hollywood Resort and Casino. In Atlantic City, New Jersey, the Company operates a restaurant in the Tropicana Hotel and Casino. The Florida operations include The Rustic Inn in Dania Beach, Shuckers in Jensen Beach, JB's on the Beach in Deerfield Beach, The Blue Moon Fish Company in Fort Lauderdale 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. |
Financial Overview |
For the 13 weeks ended 30 December 2023, Ark Restaurants Corp revenues increased less than 1% to $47.5M. Net income decreased 21% to $1.4M. Revenues reflect New York segment increase of 13% to $12.1M, Other segment increase of 17% to $1.5M, also reflect Florida segment decrease of 5% to $12.1M, Las Vegas segment decrease of 3% to $14.8M. Net income was partially offset by Payroll expenses increase of 3% to $17M (expense). |
Employees: | 1,401 as of Sep 30, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $43.66M as of Dec 30, 2023 |
Annual revenue (TTM): | $184.84M as of Dec 30, 2023 |
EBITDA (TTM): | $8.93M as of Dec 30, 2023 |
Net annual income (TTM): | -$6.28M as of Dec 30, 2023 |
Free cash flow (TTM): | $4.03M as of Dec 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 3,604,157 as of Feb 9, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |