ONE Group Hospitality (NASDAQ:STKS) Now Covered by Piper Sandler

Piper Sandler initiated coverage on shares of ONE Group Hospitality (NASDAQ:STKS - Free Report) in a research note released on Monday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $6.00 price target on the restaurant operator's stock.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of ONE Group Hospitality from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Noble Financial upgraded shares of ONE Group Hospitality to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Northcoast Research started coverage on shares of ONE Group Hospitality in a research report on Friday, April 11th. They set a "buy" rating and a $5.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ONE Group Hospitality presently has an average rating of "Moderate Buy" and a consensus target price of $4.88.

ONE Group Hospitality Trading Down 5.5%

NASDAQ:STKS traded down $0.22 during mid-day trading on Monday, hitting $3.80. 76,358 shares of the company's stock were exchanged, compared to its average volume of 111,236. The company has a 50 day simple moving average of $3.99 and a 200-day simple moving average of $3.39. The company has a current ratio of 0.50, a quick ratio of 0.42 and a debt-to-equity ratio of 8.78. ONE Group Hospitality has a fifty-two week low of $2.37 and a fifty-two week high of $5.42. The firm has a market capitalization of $117.42 million, a P/E ratio of -2.99, a PEG ratio of 0.45 and a beta of 2.03.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The restaurant operator reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.32. ONE Group Hospitality had a negative net margin of 1.60% and a positive return on equity of 48.46%. The business had revenue of $211.13 million for the quarter, compared to the consensus estimate of $202.87 million. As a group, research analysts expect that ONE Group Hospitality will post -0.18 earnings per share for the current year.

Insider Activity

In other news, insider David Kanen sold 160,000 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $4.70, for a total value of $752,000.00. Following the transaction, the insider owned 1,823,266 shares in the company, valued at approximately $8,569,350.20. The trade was a 8.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 350,091 shares of company stock valued at $1,669,918. 25.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nantahala Capital Management LLC lifted its position in shares of ONE Group Hospitality by 1.6% in the 1st quarter. Nantahala Capital Management LLC now owns 2,121,084 shares of the restaurant operator's stock worth $6,342,000 after purchasing an additional 33,690 shares during the period. CastleKnight Management LP lifted its position in shares of ONE Group Hospitality by 9.4% during the 4th quarter. CastleKnight Management LP now owns 1,172,074 shares of the restaurant operator's stock valued at $3,399,000 after acquiring an additional 100,300 shares during the period. McGowan Group Asset Management Inc. acquired a new position in shares of ONE Group Hospitality during the 4th quarter valued at $2,204,000. Geode Capital Management LLC lifted its position in shares of ONE Group Hospitality by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 506,337 shares of the restaurant operator's stock valued at $1,469,000 after acquiring an additional 8,162 shares during the period. Finally, Northern Trust Corp lifted its position in shares of ONE Group Hospitality by 3.5% during the 4th quarter. Northern Trust Corp now owns 190,869 shares of the restaurant operator's stock valued at $554,000 after acquiring an additional 6,520 shares during the period. Institutional investors and hedge funds own 29.14% of the company's stock.

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.