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Brokerages Set The ONE Group Hospitality, Inc. (NASDAQ:STKS) Price Target at $4.50

ONE Group Hospitality logo with Retail/Wholesale background

Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) have earned an average rating of "Moderate Buy" from the five analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $4.88.

Several equities research analysts have recently issued reports on STKS shares. 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. Piper Sandler assumed coverage on shares of ONE Group Hospitality in a research report on Monday. They set a "neutral" rating and a $6.00 price objective for the company. Noble Financial raised shares of ONE Group Hospitality to a "strong-buy" rating in a research report on Wednesday, April 23rd. Finally, Northcoast Research assumed coverage on shares of ONE Group Hospitality in a research report on Friday, April 11th. They issued a "buy" rating and a $5.00 target price for the company.

Get Our Latest Stock Analysis on ONE Group Hospitality

ONE Group Hospitality Stock Down 5.5%

Shares of STKS stock traded down $0.22 during trading hours on Monday, hitting $3.80. 76,358 shares of the company were exchanged, compared to its average volume of 111,426. The business has a 50 day moving average of $4.00 and a two-hundred day 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 52 week low of $2.37 and a 52 week high of $5.42. The company has a market capitalization of $117.42 million, a PE ratio of -2.99, a PEG ratio of 0.46 and a beta of 2.03.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The restaurant operator reported $0.14 earnings per share (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 company had revenue of $211.13 million during the quarter, compared to the consensus estimate of $202.87 million. Analysts anticipate that ONE Group Hospitality will post -0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider David Kanen sold 160,000 shares of the firm's stock in a transaction 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 completion of the transaction, the insider owned 1,823,266 shares of the company's stock, valued at approximately $8,569,350.20. This trade represents a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 350,091 shares of company stock valued at $1,669,918 over the last ninety days. 25.10% of the stock is currently owned by company insiders.

Institutional Trading of ONE Group Hospitality

Large investors have recently added to or reduced their stakes in the company. McGowan Group Asset Management Inc. acquired a new stake in ONE Group Hospitality in the fourth quarter valued at $2,204,000. Deutsche Bank AG lifted its stake in ONE Group Hospitality by 839.5% in the fourth quarter. Deutsche Bank AG now owns 69,108 shares of the restaurant operator's stock valued at $200,000 after acquiring an additional 61,752 shares during the last quarter. Repertoire Partners LP acquired a new stake in ONE Group Hospitality in the fourth quarter valued at $221,000. JPMorgan Chase & Co. lifted its stake in ONE Group Hospitality by 430.8% in the fourth quarter. JPMorgan Chase & Co. now owns 83,411 shares of the restaurant operator's stock valued at $242,000 after acquiring an additional 67,698 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in ONE Group Hospitality by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 3,316 shares during 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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Analyst Recommendations for ONE Group Hospitality (NASDAQ:STKS)

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