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EXHIBIT 11
STAR BUFFET, INC. AND SUBSIDIARIES
COMPUTATION OF EARNINGS
PER SHARE
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TWELVE WEEKS ENDED FORTY WEEKS ENDED
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NOVEMBER 6, NOVEMBER 1, NOVEMBER 6, NOVEMBER 1,
2000 1999 2000 1999
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<S> <C> <C> <C> <C>
BASIC EARNINGS PER SHARE:
Net Income $ 49,000 $ 17,000 $ 1,559,000 $ 1,615,000
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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 $ 0.02 $ 0.01 $ 0.53 $ 0.55
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DILUTED EARNINGS PER SHARE
Net Income $ 49,000 $ 17,000 $ 1,559,000 $ 1,615,000
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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 $ 0.02 $ 0.01 $ 0.53 $ 0.55
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