ONE Group Hospitality (NASDAQ:STKS - Get Free Report)'s stock had its "overweight" rating reissued by research analysts at Stephens in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $9.00 price target on the restaurant operator's stock. Stephens' price objective would suggest a potential upside of 94.38% from the company's previous close.
Other research analysts also recently issued reports about the company. Wedbush restated a "neutral" rating and set a $5.00 price objective on shares of ONE Group Hospitality in a report on Wednesday, March 27th. Lake Street Capital cut their price objective on shares of ONE Group Hospitality from $11.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, March 15th. Finally, StockNews.com upgraded shares of ONE Group Hospitality from a "sell" rating to a "hold" rating in a report on Friday, April 12th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.33.
Read Our Latest Research Report on STKS
ONE Group Hospitality Trading Down 3.5 %
STKS traded down $0.17 during trading hours on Wednesday, reaching $4.63. 282,857 shares of the company's stock traded hands, compared to its average volume of 178,709. 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 firm has a 50-day moving average price of $4.78 and a 200 day moving average price of $4.83. ONE Group Hospitality has a 52-week low of $3.21 and a 52-week high of $8.02. The firm has a market capitalization of $144.97 million, a PE ratio of 32.00 and a beta of 2.42.
ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The restaurant operator reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The company had revenue of $89.94 million for the quarter, compared to the consensus estimate of $96.98 million. ONE Group Hospitality had a net margin of 1.42% and a return on equity of 11.66%. As a group, sell-side analysts predict that ONE Group Hospitality will post 0.2 EPS for the current fiscal year.
Insider Buying and Selling at ONE Group Hospitality
In related news, insider David Kanen acquired 73,733 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were purchased at an average cost of $4.21 per share, for a total transaction of $310,415.93. Following the acquisition, the insider now owns 386,872 shares in the company, valued at approximately $1,628,731.12. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 19.70% of the company's stock.
Hedge Funds Weigh In On ONE Group Hospitality
Several institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in shares of ONE Group Hospitality by 1.9% in 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 period. Rice Hall James & Associates LLC raised its holdings in ONE Group Hospitality by 1.1% during the third quarter. Rice Hall James & Associates LLC now owns 265,953 shares of the restaurant operator's stock worth $1,463,000 after purchasing an additional 2,909 shares in the last quarter. Barclays PLC raised its stake in shares of ONE Group Hospitality by 350.1% during the 3rd quarter. Barclays PLC now owns 20,676 shares of the restaurant operator's stock worth $114,000 after buying an additional 16,082 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of ONE Group Hospitality by 35.2% in 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 in the last quarter. Finally, Meros Investment Management LP boosted its stake in shares of ONE Group Hospitality by 15.6% in 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 in the last quarter. Institutional investors and hedge funds own 29.14% of the company's stock.
ONE Group Hospitality Company Profile
(
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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