Restaurant operators are facing a challenging operating backdrop marked by uneven consumer spending, elevated labor and food costs and the continued need to refresh concepts to maintain traffic. In this environment, Ark Restaurants Corp. (ARKR) and Flanigan’s Enterprises, Inc. (BDL) represent two niche players within the restaurants-and-bars industry, each pursuing a distinct operating strategy. ARKR operates a collection of destination-oriented restaurants, bars and food concepts concentrated in high-traff ...