Ark Restaurants [ARKR] has a $71 million market cap. It operates 21 full-service restaurants and bars and about 19 fast-food operations. Ark puts out a quality product in a high-volume environment. Recently, it purchased 11% of New Meadowlands Race Track. In November, New Jersey will vote on whether to allow gaming in northern New Jersey. New Meadowlands is perfectly situated. You aren’t paying for that in the current valuation.
Ark generates a double-digit pretax return on assets. There is no sell-side research. On quarterly conference calls, I’m usually the only person. It trades at about $21 [versus a 12-month high of $26], and for about six times earnings before interest, taxes, depreciation, and amortization. It has minimal debt. In the first half, earnings were down due to the increase in minimum wages around the country, especially in New York. The second half should be much better. The restaurant group trades at eight to nine times Ebitda. That kind of valuation would put this stock around $30. It has a 5% yield. In the past 10 years, Ark generated $17 a share in free cash flow.
http://www.barrons.com/articles/bruce-geller-finds-beauty-in-microcap-stocks-1466828652
Recent ARKR News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 08:05:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 10:00:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 08:07:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 08:25:09 PM
- Ark Restaurants Announces Financial Results for the Second Quarter of 2024 • Business Wire • 05/13/2024 08:20:00 PM
- Ark Restaurants Announces Conference Call • Business Wire • 05/09/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 08:22:27 PM
- Ark Restaurants Announces Declaration of Dividend • Business Wire • 05/07/2024 08:20:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 10:02:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/13/2024 09:08:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/12/2024 09:23:23 PM
- Ark Restaurants Announces Financial Results for the First Quarter of 2024 • Business Wire • 02/12/2024 09:20:00 PM
- Ark Restaurants Announces Conference Call • Business Wire • 02/07/2024 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/06/2024 09:23:25 PM
- Ark Restaurants Announces Declaration of Dividend • Business Wire • 02/06/2024 09:20:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 02/02/2024 09:09:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/24/2024 09:09:27 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 12/21/2023 09:37:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/18/2023 09:23:25 PM
- Ark Restaurants Announces Financial Results for the Fourth Quarter and Fiscal Year Ended 2023 • Business Wire • 12/18/2023 09:20:00 PM
- Ark Restaurants Announces Conference Call • Business Wire • 12/13/2023 09:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/08/2023 09:21:37 PM
- Ark Restaurants Announces Declaration of Dividend • Business Wire • 11/08/2023 09:20:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/15/2023 08:08:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2023 08:05:51 PM
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Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
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