ONE Group Hospitality (NASDAQ:STKS) Now Covered by Analysts at Northcoast Research

Northcoast Research began coverage on shares of ONE Group Hospitality (NASDAQ:STKS - Free Report) in a research note published on Friday, Marketbeat.com reports. The firm issued a buy rating and a $5.00 price target on the restaurant operator's stock.

STKS has been the subject of a number of other reports. Stephens cut their price objective on ONE Group Hospitality from $6.00 to $5.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Wedbush reiterated a "neutral" rating and issued a $3.50 price objective on shares of ONE Group Hospitality in a report on Tuesday, March 11th.

ONE Group Hospitality Stock Down 2.5 %

STKS traded down $0.07 on Friday, hitting $2.70. 47,189 shares of the company were exchanged, compared to its average volume of 107,297. The company has a market cap of $83.81 million, a PE ratio of -3.38 and a beta of 2.10. ONE Group Hospitality has a 12 month low of $2.37 and a 12 month high of $6.10. The stock's fifty day moving average is $2.96 and its 200-day moving average is $3.20. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last released its earnings results on Monday, March 10th. The restaurant operator reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.33). The firm had revenue of $221.88 million during the quarter, compared to the consensus estimate of $217.71 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. Equities research analysts predict that ONE Group Hospitality will post -0.18 EPS for the current fiscal year.

Insider Activity at ONE Group Hospitality

In other ONE Group Hospitality news, CFO Tyler Loy purchased 10,000 shares of the company's stock in a transaction dated Friday, March 14th. The stock was purchased at an average price of $2.55 per share, with a total value of $25,500.00. Following the completion of the purchase, the chief financial officer now owns 220,246 shares of the company's stock, valued at approximately $561,627.30. The trade was a 4.76 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 19.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ONE Group Hospitality

Hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in ONE Group Hospitality by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 3,316 shares during the last quarter. XTX Topco Ltd acquired a new position in ONE Group Hospitality in the fourth quarter valued at $35,000. Stoneridge Investment Partners LLC boosted its position in ONE Group Hospitality by 22.6% during the fourth quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator's stock valued at $42,000 after acquiring an additional 2,684 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of ONE Group Hospitality by 53.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator's stock worth $58,000 after acquiring an additional 5,497 shares in the last quarter. Finally, Magnus Financial Group LLC bought a new stake in shares of ONE Group Hospitality during the 4th quarter valued at about $72,000. 29.14% of the stock is currently owned by institutional investors.

ONE Group Hospitality Company Profile

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.