The ONE Group Hospitality, Inc. (NASDAQ:STKS) Receives Consensus Rating of "Moderate Buy" from Brokerages

The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $4.88.

STKS has been the subject of several research analyst reports. Noble Financial upgraded ONE Group Hospitality to a "strong-buy" rating in a research report on Wednesday, April 23rd. Northcoast Research began coverage on shares of ONE Group Hospitality in a report on Friday, April 11th. They issued a "buy" rating and a $5.00 price target for the company. Piper Sandler initiated coverage on shares of ONE Group Hospitality in a report on Monday. They set a "neutral" rating and a $6.00 price objective on the stock. Finally, 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.

Insider Activity

In other news, insider David Kanen sold 160,000 shares of the firm'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 transaction of $752,000.00. Following the completion of the transaction, the insider directly owned 1,823,266 shares of the company's stock, valued at $8,569,350.20. This trade represents a 8.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 350,091 shares of company stock valued at $1,669,918 over the last quarter. 19.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ONE Group Hospitality

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its position in shares of ONE Group Hospitality by 6.7% in the fourth quarter. Barclays PLC now owns 49,634 shares of the restaurant operator's stock valued at $143,000 after acquiring an additional 3,126 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of 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 valued at $28,000 after buying an additional 3,316 shares during the period. Bank of America Corp DE lifted its stake in shares of ONE Group Hospitality by 18.7% during the fourth quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator's stock valued at $101,000 after buying an additional 5,477 shares during the period. Northern Trust Corp grew its stake in ONE Group Hospitality by 3.5% in the 4th quarter. Northern Trust Corp now owns 190,869 shares of the restaurant operator's stock worth $554,000 after acquiring an additional 6,520 shares during the period. Finally, Geode Capital Management LLC raised its holdings in ONE Group Hospitality by 1.6% in 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 last quarter. Hedge funds and other institutional investors own 29.14% of the company's stock.

ONE Group Hospitality Stock Performance

STKS traded down $0.60 during trading on Monday, hitting $4.07. The stock had a trading volume of 339,247 shares, compared to its average volume of 115,636. The firm has a market capitalization of $125.76 million, a P/E ratio of -3.20, a PEG ratio of 0.46 and a beta of 2.03. The company has a debt-to-equity ratio of 8.78, a quick ratio of 0.42 and a current ratio of 0.50. ONE Group Hospitality has a twelve month low of $2.37 and a twelve month high of $5.42. The company's 50-day moving average price is $3.93 and its 200 day moving average price is $3.37.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The restaurant operator reported $0.14 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $211.13 million during the quarter, compared to the consensus estimate of $202.87 million. On average, equities research analysts forecast that ONE Group Hospitality will post -0.18 EPS for the current fiscal year.

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.