ONE Group Hospitality (NASDAQ:STKS - Get Free Report) had its target price lowered by analysts at Piper Sandler from $6.00 to $5.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the restaurant operator's stock. Piper Sandler's price target would indicate a potential upside of 79.86% from the company's previous close.
Several other equities research analysts have also recently commented on the stock. Wall Street Zen raised shares of ONE Group Hospitality from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Noble Financial upgraded ONE Group Hospitality to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Northcoast Research initiated coverage on shares of ONE Group Hospitality in a research note on Friday, April 11th. They issued a "buy" rating and a $5.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, ONE Group Hospitality has an average rating of "Moderate Buy" and an average target price of $4.63.
Check Out Our Latest Stock Report on ONE Group Hospitality
ONE Group Hospitality Stock Up 4.1%
Shares of STKS stock traded up $0.11 on Wednesday, hitting $2.78. 124,501 shares of the stock were exchanged, compared to its average volume of 134,787. ONE Group Hospitality has a fifty-two week low of $2.37 and a fifty-two week high of $5.26. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 16.52. The business has a 50-day moving average of $3.76 and a 200 day moving average of $3.40. The firm has a market capitalization of $86.07 million, a P/E ratio of -1.85, a price-to-earnings-growth ratio of 0.43 and a beta of 2.11.
ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). The business had revenue of $203.91 million during the quarter, compared to analyst estimates of $207.95 million. ONE Group Hospitality had a negative net margin of 1.91% and a positive return on equity of 69.82%. Equities analysts anticipate that ONE Group Hospitality will post -0.18 EPS for the current year.
Insider Activity
In related news, insider David Kanen sold 160,000 shares of the stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $4.70, for a total value of $752,000.00. Following the sale, the insider owned 1,823,266 shares in the company, valued at approximately $8,569,350.20. This represents a 8.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 350,091 shares of company stock valued at $1,669,918 over the last ninety days. Company insiders own 19.70% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of STKS. Wells Fargo & Company MN grew its stake in ONE Group Hospitality by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator's stock worth $28,000 after buying an additional 3,316 shares in the last quarter. XTX Topco Ltd acquired a new position in ONE Group Hospitality during the 4th quarter worth approximately $35,000. Bank of America Corp DE lifted its position in ONE Group Hospitality by 18.7% in the 4th quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator's stock valued at $101,000 after acquiring an additional 5,477 shares in the last quarter. Barclays PLC increased its stake in ONE Group Hospitality by 6.7% in the 4th quarter. Barclays PLC now owns 49,634 shares of the restaurant operator's stock valued at $143,000 after buying an additional 3,126 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of ONE Group Hospitality during the 1st quarter worth approximately $153,000. 29.14% of the stock is owned by 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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