Analysts Set The ONE Group Hospitality, Inc. (NASDAQ:STKS) PT at $4.63

Key Points

• The ONE Group Hospitality, Inc. (NASDAQ:STKS) has received a consensus recommendation of "Moderate Buy" from analysts, with average 12-month price target at $4.6250.
• Recent stock performance shows shares traded at $2.78, with a market capitalization of $86.07 million and a P/E ratio of -1.85.
• Insiders sold a total of 350,091 shares over the last 90 days, and 25.10% of the stock is held by corporate insiders.

The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $4.6250.

STKS has been the subject of a number of recent analyst reports. Noble Financial raised shares of ONE Group Hospitality to a "strong-buy" rating in a report on Wednesday, April 23rd. Piper Sandler cut their price objective on shares of ONE Group Hospitality from $6.00 to $5.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Finally, Wall Street Zen cut shares of ONE Group Hospitality from a "hold" rating to a "sell" rating in a report on Saturday.

ONE Group Hospitality Stock Performance

Shares of ONE Group Hospitality stock traded up $0.04 during trading on Friday, hitting $2.82. 11,312 shares of the company's stock were exchanged, compared to its average volume of 115,980. The company has a debt-to-equity ratio of 16.52, a quick ratio of 0.28 and a current ratio of 0.35. The business has a 50-day simple moving average of $3.76 and a 200-day simple moving average of $3.40. ONE Group Hospitality has a 52-week low of $2.37 and a 52-week high of $5.26. The stock has a market capitalization of $87.15 million, a price-to-earnings ratio of -1.88, a PEG ratio of 0.43 and a beta of 2.11.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.03). ONE Group Hospitality had a positive return on equity of 69.82% and a negative net margin of 1.91%. The business had revenue of $203.91 million for the quarter, compared to analysts' expectations of $207.95 million. On average, research analysts forecast that ONE Group Hospitality will post -0.18 EPS for the current year.

Insider Activity at ONE Group Hospitality

In other news, insider David Kanen sold 160,000 shares of the business's stock in a transaction dated 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 sale, the insider owned 1,823,266 shares of the company's stock, valued at $8,569,350.20. The trade was 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 available at this link. Insiders have sold a total of 350,091 shares of company stock worth $1,669,918 over the last three months. 19.70% of the stock is owned by insiders.

Institutional Trading of ONE Group Hospitality

Institutional investors and hedge funds have recently modified their holdings of the stock. McGowan Group Asset Management Inc. purchased a new stake in shares of ONE Group Hospitality during the fourth quarter worth about $2,204,000. Deutsche Bank AG increased its stake in shares of ONE Group Hospitality by 839.5% during the fourth quarter. Deutsche Bank AG now owns 69,108 shares of the restaurant operator's stock worth $200,000 after purchasing an additional 61,752 shares in the last quarter. Repertoire Partners LP purchased a new stake in shares of ONE Group Hospitality during the fourth quarter worth about $221,000. JPMorgan Chase & Co. increased its stake in shares of ONE Group Hospitality by 430.8% during the fourth quarter. JPMorgan Chase & Co. now owns 83,411 shares of the restaurant operator's stock worth $242,000 after purchasing an additional 67,698 shares in the last quarter. Finally, Wells Fargo & Company MN increased 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 worth $28,000 after purchasing an additional 3,316 shares in the last quarter. Hedge funds and other institutional investors 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.