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EXHIBIT 11
STAR BUFFET, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS
PER SHARE
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SIXTEEN WEEKS ENDED
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MAY 22, MAY 17,
2000 1999
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<S> <C> <C>
BASIC EARNINGS PER SHARE:
Net Income $ 817,000 $ 1,019,000
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Weighted average number of common
shares outstanding during the period 2,950,000 5,450,000
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Basic Earnings per Share $ 0.28 $ 0.35
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DILUTED EARNINGS PER SHARE
Net Income $ 817,000 $ 1,019,000
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Weighted average number of common
shares outstanding during the period 2,950,000 2,950,000
Incremental common shares
attributable to exercise of stock options
- -
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Diluted Earnings per Share $ 0.28 $ 0.35
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