$STKS Presents an interesting opportunity

$STKS Aka the One Group is a company which operates restaurants STK Steakhouse, as well as Kona Grill. Both are growing rapidly, with 63 total venues with about 5 more expected by year end. GAAP revenue has increased from 72.4 Million in 2016, to a projected $380m this year, citing a CAGR of 26%. EBIDTA during the same period is up from 4.5 million in 2016 to 54 million projected in 2023, citing an over 9x increase. ROI for started STK restaurants in the last 3 years has been 103%, causing them to be paid off within a year of operation. Future STKS are expected to cost 3.8 million to open and generate 1.8 million annually in ebitda, citing a 50% ROI here on the conservative end. Margins have played pressure against this company, yet management is doing a great job combatting this. Even with the significant margin pressure due to the live cattle index, management has done a great job maintaining this large earnings amount coming in thanks primarily to alcohol sales. Management sees a huge avenue for growth, targetting 200+ Kona Grills and 200+ total STK steakhouses. In total we we will see an additional 9 restaurant openings by the end of 2023, citing a hyper aggressive growth strategy by One Group Management. Management has done a great job, coming back better than ever and citing profitability post pandemic, as well as fitting to the appealing “instagrammable” food that looks so good it's shared across various media by younger generations such as snapchat and instagram before they proceed to eat. This word of mouth is free advertisement in which has accelerated their growth tremendously, management here is very much so in touch with the modern times and how to capitalize off of social media engagement. With margins returning to normal $STKS would trade around 3x EBIT at these levels, citing a much lower amount than competitors who have been acquired $RUTH (8x EBIT) and $BBQ (12x EBIT) while also citing much higher growth and a clear path to become a cash flow monster. Overall definitely think this company is worth a look into at these levels, likely to become a multibagger if management is able to proceed on it's plans.