The One Grou Ord Stock Price, News & Analysis

The ONE Group Hospitality, Inc. (Nasdaq: STKS) has launched its new Kona Grill location in Columbus, Ohio, at Easton Town Center. This marks the inaugural opening as part of the company's strategic expansion plan. The restaurant features an enhanced Vibe Dining experience and a diverse menu available throughout the day, including brunch, lunch, happy hour, and dinner. Notable offerings include $3, $6, and $9 happy hour items. The operating hours are Monday-Thursday 11 a.m.-11 p.m., and weekends from 10 a.m. The Kona Grill brand aims to provide upscale casual dining with signature dishes and award-winning sushi.

The ONE Group Hospitality, Inc. (Nasdaq: STKS) announced its participation in the 25th Annual ICR Conference on January 9, 2023, at 11:00 am Eastern Time. CEO Manny Hilario and CFO Tyler Loy will present and meet with institutional investors on January 9-10, 2023. A webcast of the presentation will be available on the Company’s website. Additionally, the Company will host a breakout session at the Jefferies 12th Annual Winter Summit on January 24, 2023, where they will also meet institutional investors. The ONE Group operates popular restaurant brands including STK and Kona Grill.

The ONE Group Hospitality, Inc. (Nasdaq: STKS) announced an amendment to its credit facility, securing an additional $50 million delayed draw senior secured term loan, adding to its existing $25 million term loan and $12 million revolving credit facility. This amendment enhances the Company's financial flexibility, allowing for accelerated development and stock repurchases. The new term facility is subject to a 1.75x Net Leverage Ratio test, enabling permitted acquisitions and capital expenditures.

ICR has announced that Emanuel “Manny” Hilario, President and CEO of The ONE Group Hospitality, Inc. (Nasdaq: STKS), recently participated in Episode 52 of ICR’s podcast, "Welcome to the Arena." In the episode, Hilario discussed The ONE Group's innovative hospitality strategies, their Vibe Dining concept, and insights on capital allocation and growth. The podcast, which features industry leaders discussing value creation, has been airing episodes since August 2021 and is available on platforms like Apple Podcasts and Spotify.

The ONE Group Hospitality, Inc. has opened a new STK Steakhouse in Stratford, London, at The Gantry London, Curio Collection by Hilton. This marks the third STK location in London, enhancing the brand's footprint in the city. The restaurant features signature Vibe Dining, offering a menu filled with American cuisine, premium cocktails, and live DJ music. Guests can enjoy a unique happy hour with cocktails starting at £3. The opening is aimed at enriching Stratford's dining scene and is expected to attract both locals and visitors.

The ONE Group Hospitality reported a 1.6% revenue increase in Q3 2022, totaling $73.0 million. However, net income dropped significantly to $0.5 million ($0.01 per share), down from $11.7 million in Q3 2021. Comparable sales were up 0.5% from 2021 and 45.6% from 2019. The company opened an STK location in San Francisco, generating over $350,000 per week. Despite challenges, the pipeline indicates a potential for 400 restaurants and targeted ROIs of 40%-50% for new locations. Share repurchases totaled $3.5 million under a $10 million buyback program.

The ONE Group Hospitality, Inc. (Nasdaq: STKS) has opened its first STK Steakhouse in Texas, located in Dallas. This marks the second new restaurant launch in 2022 as part of the company’s strategic expansion. STK Dallas features a unique 'Vibe Dining' experience with outdoor seating, live DJs, and a diverse menu including premium steak options and an award-winning wine list. It aims to enhance Dallas's restaurant scene with its lively atmosphere. Operating hours include lunch on weekdays, dinner, brunch on weekends, and a weekday happy hour.

The ONE Group Hospitality, Inc. (STKS) will host a conference call on November 3, 2022, at 4:30 PM ET to discuss its third quarter 2022 financial results. The results will be released after the market closes on the same day. Interested parties can access the call by phone or through a webcast available on The ONE Group’s website.

The ONE Group operates upscale restaurants and lounges, including the STK and Kona Grill brands, and focuses on a Vibe Dining experience across various international locations.

The ONE Group Hospitality, Inc. (Nasdaq: STKS) announced its participation in several upcoming investor conferences. On September 12, 2022, it will meet investors at CL King’s 20th Annual Best Ideas Virtual Conference. This will be followed by meetings on September 14 at Lake Street’s 6th Annual BIG Conference in New York, and on September 22 at Wells Fargo’s 5th Annual Consumer Conference in Dana Point, California. The ONE Group operates upscale restaurants and hospitality services, focusing on Vibe Dining with notable brands like STK and Kona Grill.