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Benihana Express Opens Second Location in Miami

1. STKS opens a new Benihana Express in Miami's Bayside Marketplace. 2. This is the second Miami location, enhancing brand presence and revenue.

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FAQ

Why Bullish?

Opening new locations typically signals growth, as seen in previous expansions of popular restaurant chains like Chipotle and Shake Shack. Growth in customer base and revenues can positively affect stock prices.

How important is it?

The opening of new locations is crucial for growth strategy, impacting investor sentiment and potential future earnings. Retail expansions generally indicate company health and positive market perceptions, influencing overall stock performance.

Why Short Term?

Immediate sales from the new location can enhance revenue quickly, reflected in quarterly earnings. Historical trends show that new restaurant openings often lead to short-term stock price appreciation.

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DENVER--(BUSINESS WIRE)--The ONE Group Hospitality, Inc. (Nasdaq: STKS) announces the opening of its newest Benihana Express location in the Bayside Marketplace shopping center (401 Biscayne Blvd S119) in Miami. Owned and operated by franchisee Erick Passo, the restaurant is the second location in the Miami area – the first having opened earlier this year in the Brickell neighborhood – and is a new hibachi concept that features guest-favorite menu elements from Benihana in a made-to-order, fast.

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