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ONE Group Hospitality Inc - STKS STOCK NEWS

Welcome to our dedicated news page for ONE Group Hospitality (Ticker: STKS), a resource for investors and traders seeking the latest updates and insights on ONE Group Hospitality.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ONE Group Hospitality's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ONE Group Hospitality's position in the market.

News
The ONE Group Hospitality, Inc. to Acquire Owner of Benihana
Rhea-AI Summary
The ONE Group Hospitality, Inc. (STKS) acquires Safflower Holdings Corp., owner of Benihana Inc., for $365 million, adding $514 million in revenue and $70 million in EBITDA. The deal is expected to be accretive to diluted earnings per share and generate significant free cash flow for debt reduction and shareholder value. The combined business will have 168 venues, aiming to realize $20 million in synergies annually post-closing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
26.43%
Tags
acquisition
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News
The ONE Group Reports Fourth Quarter 2023 and Full Year 2023 Financial Results
Rhea-AI Summary
The ONE Group Hospitality, Inc. (STKS) reported revenue growth and increased Adjusted EBITDA in the fourth quarter and full year of 2023. Total GAAP revenues rose by 1.8% to $89.9 million in Q4 and by 5.1% to $332.8 million for the full year. Adjusted EBITDA increased by 11.3% in Q4 and stood at $40.1 million for the year. The company opened four new restaurants in Q4 and plans to open six to eight more in 2024. Despite a decrease in comparable sales, the company remains optimistic about its expansion plans and revenue targets for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.15%
Tags
earnings
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News
The ONE Group Hospitality Inc. Opens STK Washington DC
Rhea-AI Summary
The ONE Group Hospitality, Inc. (Nasdaq: STKS) opens a new STK Steakhouse in Washington DC, featuring Vibe Dining, live music, and elevated culinary offerings. The restaurant aims to challenge traditional steakhouse norms and provide a unique social experience for guests. STK Washington DC offers a diverse menu for brunch, lunch, and dinner, including a weekday Happy Hour menu. The steakhouse also provides takeout and delivery options, an impressive wine list, and creative design elements. The opening marks a strategic expansion initiative for The ONE Group Hospitality.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.15%
Tags
none
News
The ONE Group Hospitality, Inc. to Participate in Two Upcoming Investor Conferences
Rhea-AI Summary
The ONE Group Hospitality, Inc. (STKS) announces participation at the 26th Annual ICR Conference and the Jefferies 13th Annual Winter Consumer Summit. President and CEO, Mr. Emanuel Hilario, and CFO, Mr. Tyler Loy, will host a fireside chat at the ICR Conference and meet with institutional investors. They will also meet with investors at the Jefferies Winter Consumer Summit.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.35%
Tags
conferences
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News
The ONE Group Hospitality Inc. Opens STK Salt Lake City
Rhea-AI Summary
The ONE Group Hospitality, Inc. (Nasdaq: STKS) announced the opening of the newest STK Steakhouse in Salt Lake City, Utah. The new restaurant offers Vibe Dining with elevated culinary curations, cocktails, and live music. This is the first STK restaurant in Utah, marking an important next step in The ONE Group Hospitality’s strategic expansion initiatives and long-term nationwide growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
none
-
News
The ONE Group Hospitality, Inc. Opens STK Boston
Rhea-AI Summary
The ONE Group Hospitality, Inc. (Nasdaq: STKS) has announced the opening of its newest STK Steakhouse in the Back Bay district of Boston. The new restaurant offers Vibe Dining with elevated culinary curations, world-famous cocktails, and live music. This marks the first STK restaurant in Massachusetts and is part of The ONE Group Hospitality’s strategic expansion initiatives and long-term nationwide growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.31%
Tags
none
News
Vibe with STK Steakhouse and Kona Grill this Holiday Season with Craveable Menu Features and Cocktails that Give Back
Rhea-AI Summary
The ONE Group, Inc. (Nasdaq: STKS) unveils holiday offerings at STK Steakhouse and Kona Grill. The holiday menus feature best-in-class steak, Roasted Free Range Turkey, and seasonal cocktails. The company will donate a portion of Santa’s Eggnog sales to World Central Kitchen. The holiday features are available for dine-in, outdoor dining, takeout, and delivery until December 31, with special menu offerings for New Year’s Eve. Guests will receive bonus Dining Dollars with gift card purchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.05%
Tags
none
-
News
The ONE Group Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
STKS: The ONE Group Hospitality Reports Q3 2023 Financial Results with Total GAAP Revenues Up 5.3% to $76.9M. Comparable Sales Down 3.0% but Up 41.7% Compared to 2019. GAAP Net Loss of $3.1M. Plans to Open 5 Additional STK Locations in Next 6 Months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.52%
Tags
earnings
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News
The ONE Group Hospitality, Inc. to Host Third Quarter 2023 Earnings Conference Call and Webcast at 4:30 PM ET on November 7, 2023
Rhea-AI Summary
The ONE Group Hospitality, Inc. (Nasdaq: STKS) will host a conference call and webcast to discuss third quarter 2023 financial results on November 7, 2023. They will also participate in the Stephens Annual Investment Conference on November 16, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.26%
Tags
conferences earnings
News
The ONE Group Hospitality Inc. Opens Third Arizona Kona Grill Location
Rhea-AI Summary
The ONE Group Hospitality opens its third Kona Grill location in Arizona, offering an enhanced vibe dining experience and elevated menu offerings. The restaurant features elegant design elements and a $3, $6, $9 happy hour offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
none
Stock STKS logo
ONE Group Hospitality Inc

Nasdaq:STKS

STKS Rankings

#3925 Ranked by Market Cap
#4411 Ranked by Stock Gains
N/A Ranked by Dividends

STKS Stock Data

170.63M
20.03M
16.23%
45.25%
6.22%
Food Service Contractors
Accommodation and Food Services
Link
US
New York

About STKS

the one group develops and operates upscale, high-energy restaurants and lounges and provides one hospitality, a signature turn-key food and beverage service for hospitality venues including hotels, casinos and other high-end locations both nationally and internationally. stk is the primary restaurant brand in the one group portfolio. it’s a unique concept that artfully blends the modern steakhouse and a chic lounge into one, offering a dynamic, fine dining experience with the superior quality of a traditional steakhouse. stk distinguishes itself by emphasizing the social experience and taking a vibe-driven approach to fine dining. every venue has a dj to create an infectious, high-energy atmosphere and the sleek environment is designed to encourage guests to interact and mingle. ultimately, stk aims to define the modern dining experience complete with incredible food, world-class service and the perfect ambiance. stk rebel offers the same vibe-driven steakhouse with a slightly broader