Stephens reiterated their overweight rating on shares of ONE Group Hospitality (NASDAQ:STKS - Free Report) in a report issued on Thursday, Benzinga reports. Stephens currently has a $9.00 price target on the restaurant operator's stock.
A number of other analysts have also recently weighed in on STKS. StockNews.com upgraded shares of ONE Group Hospitality from a sell rating to a hold rating in a report on Friday, April 12th. Lake Street Capital decreased their price target 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. Finally, Wedbush reiterated a neutral rating and set a $5.00 target price on shares of ONE Group Hospitality in a research report on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $7.33.
View Our Latest Research Report on STKS
ONE Group Hospitality Stock Performance
STKS traded down $0.03 during trading on Thursday, reaching $5.11. The company's stock had a trading volume of 76,446 shares, compared to its average volume of 174,182. The company's fifty day moving average price is $4.70 and its 200-day moving average price is $4.81. The company has a market capitalization of $159.99 million, a price-to-earnings ratio of 33.67 and a beta of 2.42. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.70 and a current ratio of 0.80. ONE Group Hospitality has a 52-week low of $3.21 and a 52-week high of $8.02.
ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The restaurant operator reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $89.94 million during the quarter, compared to the consensus estimate of $96.98 million. ONE Group Hospitality had a return on equity of 11.66% and a net margin of 1.42%. On average, equities analysts forecast that ONE Group Hospitality will post 0.2 earnings per share for the current fiscal year.
Insider Transactions at ONE Group Hospitality
In related news, insider David Kanen bought 191,585 shares of the company's stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average price of $3.75 per share, for a total transaction of $718,443.75. Following the transaction, the insider now directly owns 313,139 shares of the company's stock, valued at $1,174,271.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 19.70% of the company's stock.
Institutional Investors Weigh In On ONE Group Hospitality
Several institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its position in ONE Group Hospitality by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 139,018 shares of the restaurant operator's stock valued at $765,000 after acquiring an additional 2,592 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in ONE Group Hospitality by 1.1% in the third quarter. Rice Hall James & Associates LLC now owns 265,953 shares of the restaurant operator's stock worth $1,463,000 after acquiring an additional 2,909 shares during the period. Barclays PLC lifted its stake in ONE Group Hospitality by 350.1% in the third quarter. Barclays PLC now owns 20,676 shares of the restaurant operator's stock worth $114,000 after acquiring an additional 16,082 shares during the period. First Eagle Investment Management LLC lifted its position in ONE Group Hospitality by 35.2% during the third quarter. First Eagle Investment Management LLC now owns 681,112 shares of the restaurant operator's stock valued at $3,746,000 after buying an additional 177,224 shares during the period. Finally, Meros Investment Management LP lifted its position in ONE Group Hospitality by 15.6% during the third quarter. Meros Investment Management LP now owns 676,043 shares of the restaurant operator's stock valued at $3,718,000 after buying an additional 91,037 shares during the period. 29.14% of the stock is owned by hedge funds and other institutional investors.
About ONE Group Hospitality
(
Get Free Report)
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.
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