ONE Group Hospitality (NASDAQ:STKS) Receives New Coverage from Analysts at Stephens

Stephens started coverage on shares of ONE Group Hospitality (NASDAQ:STKS - Free Report) in a research report sent to investors on Friday morning, Marketbeat reports. The brokerage issued an overweight rating and a $9.00 price objective on the restaurant operator's stock.

A number of other research firms have also recently commented on STKS. Lake Street Capital reduced their target price on shares of ONE Group Hospitality from $11.00 to $8.00 and set a buy rating on the stock in a research report on Friday, March 15th. Wedbush reaffirmed a neutral rating and issued a $5.00 price target on shares of ONE Group Hospitality in a report on Wednesday, March 27th. Finally, StockNews.com cut shares of ONE Group Hospitality from a hold rating to a sell rating in a report on Friday, March 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average price target of $7.33.

ONE Group Hospitality Stock Down 4.0 %

Shares of NASDAQ STKS traded down $0.23 during trading on Friday, reaching $5.45. 202,058 shares of the stock were exchanged, compared to its average volume of 180,675. The business's 50-day moving average price is $4.35 and its 200 day moving average price is $4.79. ONE Group Hospitality has a twelve month low of $3.21 and a twelve month high of $9.05. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $170.64 million, a price-to-earnings ratio of 36.33 and a beta of 2.46.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last posted its earnings results on Thursday, March 14th. The restaurant operator reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. ONE Group Hospitality had a net margin of 1.42% and a return on equity of 11.66%. The business had revenue of $89.94 million for the quarter, compared to analysts' expectations of $96.98 million. As a group, equities analysts forecast that ONE Group Hospitality will post 0.2 EPS for the current fiscal year.

Insider Activity at ONE Group Hospitality

In related news, insider David Kanen purchased 73,733 shares of the business's stock in a transaction that occurred on Monday, March 18th. The shares were purchased at an average cost of $4.21 per share, with a total value of $310,415.93. Following the completion of the acquisition, the insider now directly owns 386,872 shares of the company's stock, valued at approximately $1,628,731.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.30% of the stock is currently owned by corporate insiders.

Institutional Trading of ONE Group Hospitality

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in ONE Group Hospitality by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 1,464,267 shares of the restaurant operator's stock valued at $8,961,000 after purchasing an additional 13,202 shares during the last quarter. BlackRock Inc. increased its stake in ONE Group Hospitality by 23.4% during the second quarter. BlackRock Inc. now owns 1,417,777 shares of the restaurant operator's stock valued at $10,378,000 after purchasing an additional 268,642 shares during the last quarter. First Eagle Investment Management LLC increased its stake in ONE Group Hospitality by 30.8% during the fourth quarter. First Eagle Investment Management LLC now owns 891,097 shares of the restaurant operator's stock valued at $5,454,000 after purchasing an additional 209,985 shares during the last quarter. CastleKnight Management LP increased its stake in ONE Group Hospitality by 0.7% during the fourth quarter. CastleKnight Management LP now owns 801,485 shares of the restaurant operator's stock valued at $4,905,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Meros Investment Management LP increased its stake in ONE Group Hospitality by 1.1% during the fourth quarter. Meros Investment Management LP now owns 683,691 shares of the restaurant operator's stock valued at $4,184,000 after purchasing an additional 7,648 shares during the last quarter. Institutional investors own 29.14% of the company's stock.

About ONE Group Hospitality

The ONE Group Hospitality, Inc, a restaurant company, develops, owns, operates, manages, and licenses restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.