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Stock impact report

Randian Capital doubles down on One Group plan after management responds [Yahoo! Finance]

The ONE Group Hospitality, Inc. (STKS) 
Last the one group hospitality, inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.togrp.com
Company Research Source: Yahoo! Finance
Inc (NASDAQ:STKS) this week, pushing for bold changes after management downplayed its initial proposal. The firm now outlines an even more aggressive blueprint for revitalizing the iconic Benihana brand, with calls for strategic divestitures, influencer-driven equity deals, and a company-wide operational reset. Shares of One Group, operator of Benihana and STK Steakhouse, initially rose over the $3 mark after Randian's first plan posted on social media, but have since retracted as investor enthusiasm met management comments. CEO Manny Hilario and new CFO Nicole Thaung told analysts at Northcoast Research they had not engaged with Randian and were unaware if the firm held shares, reiterating that no changes to guidance or plans for capital deployment were being made. Randian's latest salvo lays out specific moves to unlock value, including exploring the sale of STK and other “non-core” brands, a move it estimates could yield $200 million to $300 million and fund share repurchases. Show less Read more
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