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EXHIBIT 11
STAR BUFFET, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS
PER SHARE
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TWELVE WEEKS ENDED TWENTY-EIGHT WEEKS ENDED
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AUGUST 14, AUGUST 9, AUGUST 14, AUGUST 9,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC EARNINGS PER SHARE:
Net Income $ 694,000 $ 579,000 $1,510,000 $1,598,000
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Weighted average number of common shares
outstanding during the period 2,950,000 2,950,000 2,950,000 2,950,000
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Basic Earnings per Share $ 0.24 $ 0.20 $ 0.51 $ 0.54
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DILUTED EARNINGS PER SHARE
Net Income $ 694,000 $ 579,000 $1,510,000 $1,598,000
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Weighted average number of common
shares outstanding during the period 2,950,000 2,950,000 2,950,000 2,950,000
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Incremental common shares
attributable to outstanding stock options -- -- -- --
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2,950,000 2,950,000 2,950,000 2,950,000
Diluted Earnings per Share $ 0.24 $ 0.20 $ 0.51 $ 0.54
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