The ONE Group Hospitality, Inc. (NASDAQ:STKS) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the five research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $4.6250.

Several brokerages have issued reports on STKS. Piper Sandler lowered their price target on ONE Group Hospitality from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Wednesday. Wall Street Zen raised ONE Group Hospitality from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Noble Financial raised shares of ONE Group Hospitality to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, 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.

Insider Activity

In related news, insider David Kanen sold 160,000 shares of ONE Group Hospitality stock in a transaction that occurred 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 of the company's stock, valued at approximately $8,569,350.20. This trade represents a 8.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 350,091 shares of company stock worth $1,669,918 in the last ninety days. 25.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ONE Group Hospitality

Several hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its holdings 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 purchasing an additional 3,316 shares during the last quarter. XTX Topco Ltd bought a new stake in ONE Group Hospitality during the 4th quarter worth about $35,000. Bank of America Corp DE boosted its stake in shares of ONE Group Hospitality by 18.7% during the 4th quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator's stock worth $101,000 after buying an additional 5,477 shares during the last quarter. Barclays PLC boosted its position in ONE Group Hospitality by 6.7% during the fourth quarter. Barclays PLC now owns 49,634 shares of the restaurant operator's stock valued at $143,000 after purchasing an additional 3,126 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of ONE Group Hospitality in the first quarter valued at $153,000. 29.14% of the stock is owned by institutional investors.

ONE Group Hospitality Stock Down 7.0%

Shares of NASDAQ:STKS opened at $2.67 on Friday. The company has a 50 day moving average of $3.78 and a 200-day moving average of $3.41. The stock has a market cap of $82.50 million, a price-to-earnings ratio of -1.78, a P/E/G ratio of 0.33 and a beta of 2.11. ONE Group Hospitality has a one year low of $2.37 and a one year high of $5.26. The company has a debt-to-equity ratio of 16.52, a current ratio of 0.35 and a quick ratio of 0.42.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last issued 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). ONE Group Hospitality had a negative net margin of 1.91% and a positive return on equity of 69.82%. The firm had revenue of $203.91 million for the quarter, compared to analyst estimates of $207.95 million. On average, sell-side analysts forecast that ONE Group Hospitality will post -0.18 earnings per share for the current 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.

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