News

Ark Restaurants announces stock repurchasing program

July 6, 2016

Ark Restaurants Corp. announced a stock repurchase program this week which authorizes management to purchase up to 500,000 shares of the company's common stock over the next 12 months. Repurchases are being paid for with the company's working capital and based on management’s evaluation of market conditions and other factors, according to a news release.

The corporation owns and operates 21 restaurants, 19 fast food concepts and catering operations located mostly in four major cities nationally. Fast food concepts under the company's ownership are located in Nevada, Connecticut and Florida.