Prev Close | 8.45 |
Open | 8.50 |
Day Low/High | 8.30 / 8.54 |
52 Wk Low/High | 7.80 / 16.44 |
Volume | 84.58K |
Prev Close | 8.45 |
Open | 8.50 |
Day Low/High | 8.30 / 8.54 |
52 Wk Low/High | 7.80 / 16.44 |
Volume | 84.58K |
Exchange | NASDAQ |
Shares Outstanding | 32.45B |
Market Cap | 284.90M |
P/E Ratio | 9.76 |
Div & Yield | N.A. (N.A) |
McDonald's decision to raise its dividend is an indicator of the sector's comeback from the pandemic, but higher labor and food costs are a concern.
Yet for now, most restaurant stocks are enjoying solid years even as many contend with labor shortages and higher prices for products such as beef.
Even companies that haven't performed particularly well on an operating basis are registering fat stock gains so far in 2021.
With expansions planned and deals on tap with upscale hotels, the brand, which owns STK restaurants, is poised for tremendous growth, according to president and CEO Manny Hilario.
Steakhouses tend to suffer when stocks turn down and Wall Street tightens up. Luckily, there is more to the STK experience than power lunches, said ONE Group CEO Jonathan Segal.
The ONE Group’s (STKS) agreement to acquire the Katsuya and Cleo restaurant brands is more than a simple merger of surf and turf. It’s a transformative deal.
STK restaurants are seeing international growth due to a nontraditional recipe of building steakhouses around the bar and DJ booth, said Jonathan Segal, CEO of The ONE Group.