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Michael Weinstein Buys 3,000 Shares in Ark Restaurants Corp at $7.5 Each
ByAinvest
Tuesday, Aug 19, 2025 4:22 pm ET1min read
ARK Restaurants Corp. (ARKR) recently announced that Michael Lawrence Weinstein, Director, 10% Owner, Chairman, and Chief Executive Officer, has acquired 3,000 shares at a price of $7.50 per share on August 18, 2025.
ARK Restaurants Corp. (ARKR) recently reported that Michael Lawrence Weinstein, the company's Director, 10% Owner, Chairman, and Chief Executive Officer, has acquired an additional 3,000 shares at a price of $7.50 per share on August 18, 2025. This transaction was filed with the U.S. Securities and Exchange Commission (SEC) pursuant to Form 4, as required by Section 16(a) of the Securities Exchange Act of 1934 [1].The acquisition comes amidst a challenging period for Ark Restaurants, with the company reporting a significant earnings decline in its Q3 2025 results. The company swung to a loss of $0.96 per share, a 633.3% decrease from the $0.18 profit per share reported in the same period last year. Total revenue also declined by 13.3% to $43.72 million [2].
Despite the earnings setback, CEO Michael Weinstein highlighted strong performance at select locations and expressed cautious optimism about potential opportunities, such as a New Jersey casino license in the Meadowlands. However, the company faces ongoing litigation and operational hurdles, which may impact its near-term trajectory [2].
The stock price of Ark Restaurants has been volatile, with a 19.86% month-to-date decline, reflecting investor pessimism. A post-earnings investment strategy underperformed the market by 73.81% [2].
The latest share acquisition by Weinstein follows his previous transactions, where he reported owning a substantial number of shares directly and indirectly through various entities. This latest acquisition adds to his overall ownership stake in the company.
Reference List:
[1] https://www.sec.gov/Archives/edgar/data/0000779544/000162828025040654/xslF345X05/wk-form4_1755547651.xml
[2] https://www.ainvest.com/news/ark-restaurants-2025-q3-earnings-sharp-earnings-deterioration-2508/
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