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
Website
CEO
Michael S. Weinstein
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
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
Financial summary
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Diluted EPS |
Annual (USD) | Oct 21 | Oct 20 | Sep 19 | Sep 18 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
15.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 18 |
Opened positions | 9 |
Closed positions | 0 |
Increased positions | 2 |
Reduced positions | 2 |
13F shares | Current |
---|---|
Total value | 9.98M |
Total shares | 540.54K |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
CM Management | 130K | $2.4M |
Dimensional Fund Advisors | 129.11K | $2.39M |
Vanguard | 93.23K | $1.72M |
FMR | 48.9K | $903K |
Bridgeway Capital Management | 36.5K | $674K |
First Manhattan | 36.05K | $665K |
Renaissance Technologies | 30.21K | $558K |
Geode Capital Management | 12.58K | $232K |
BLK Blackrock | 9.68K | $178K |
Northwestern Mutual Wealth Management | 5.5K | $102K |
Financial report summary
?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
?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
Financial reports
Current reports
8-K
Departure of Directors or Certain Officers
5 Jul 22
8-K
Ark Restaurants Announces Financial Results for the Second Quarter of 2022 and Reinstatement of Quarterly Cash Dividend
17 May 22
8-K
Departure of Directors or Certain Officers
17 Mar 22
8-K
Ark Restaurants Announces Financial Results for the First Quarter of 2022
15 Feb 22
8-K
Ark Restaurants Announces Financial Results for the Fourth Quarter and Fiscal Year Ended 2021
21 Dec 21
8-K
Ark Restaurants Announces Financial Results for the Third Quarter of 2021
17 Aug 21
8-K
Departure of Directors or Certain Officers
30 Jul 21
8-K
Ark Restaurants Announces Financial Results for the Second Quarter of 2021
18 May 21
8-K
Ark Restaurants Announces Financial Results for the First Quarter of 2021
16 Feb 21
8-K
Ark Restaurants Announces Financial Results for the Fourth Quarter and Fiscal Year Ended 2020
22 Dec 20
Registration and prospectus
S-8
Registration of securities for employees
12 Oct 18
S-8
Registration of securities for employees
8 Mar 10
S-8
Registration of securities for employees
13 Aug 07
S-8
Registration of securities for employees
16 Aug 01
S-8
Registration of securities for employees
16 Apr 97
S-3
Shelf registration
30 Dec 96
Other
UPLOAD
Letter from SEC
1 Apr 20
CORRESP
Correspondence with SEC
31 Mar 20
UPLOAD
Letter from SEC
23 Mar 20
UPLOAD
Letter from SEC
7 May 14
CORRESP
Correspondence with SEC
24 Apr 14
UPLOAD
Letter from SEC
8 Apr 14
UPLOAD
Letter from SEC
24 Apr 12
CORRESP
Correspondence with SEC
15 Mar 12
UPLOAD
Letter from SEC
1 Mar 12
CORRESP
Correspondence with SEC
22 Feb 10
Ownership
4
ARK RESTAURANTS / THOMAS A SATTERFIELD JR ownership change
4 Aug 22
4
ARK RESTAURANTS / THOMAS A SATTERFIELD JR ownership change
11 Jul 22
4
ARK RESTAURANTS / THOMAS A SATTERFIELD JR ownership change
28 Jun 22
4
ARK RESTAURANTS / THOMAS A SATTERFIELD JR ownership change
14 Jun 22
SC 13G/A
ARK RESTAURANTS / SATTERFIELD THOMAS A JR ownership change
10 Jun 22
3
ARK RESTAURANTS / THOMAS A SATTERFIELD JR ownership change
8 Jun 22
SC 13G/A
ARK RESTAURANTS / SATTERFIELD THOMAS A JR ownership change
14 Feb 22
SC 13G/A
ARK RESTAURANTS / SATTERFIELD THOMAS A JR ownership change
11 Feb 21
4
ARK RESTAURANTS / Anthony Sirica ownership change
19 Jan 21
SC 13G
ARK RESTAURANTS / DALTON GREINER HARTMAN MAHER & CO ownership change
9 Oct 20
Transcripts
2022 Q2
Earnings call transcript
17 May 22
2022 Q1
Earnings call transcript
15 Feb 22
2021 Q4
Earnings call transcript
21 Dec 21
2021 Q3
Earnings call transcript
17 Aug 21
2021 Q2
Earnings call transcript
18 May 21
2021 Q1
Earnings call transcript
16 Feb 21
2020 Q4
Earnings call transcript
22 Dec 20
2020 Q3
Earnings call transcript
11 Aug 20
2020 Q2
Earnings call transcript
23 Jun 20
2020 Q1
Earnings call transcript
11 Feb 20
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