The ONE Group Hospitality, Inc., a hospitality 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. Its hospitality food and beverage solutions include developing, managing, and operating restaurants, bars, rooftops, pools, banqueting, catering, private dining rooms, room service, and mini bars; and offers hospitality advisory and consulting services. The company operates restaurants primarily under the STK and Kona Grill brands. As of December 31, 2021, it owned, operated, managed, or licensed 60 venues, including 23 STKs and 24 Kona Grills in North America, Europe, and the Middle East, as well as 13 F&B venues in seven hotels and casinos in the United States and Europe. The ONE Group Hospitality, Inc. was founded in 2004 and is headquartered in Denver, Colorado.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on STKS. Roth Capital began coverage on ONE Group Hospitality in a research report on Tuesday, July 19th. They set a "buy" rating and a $13.00 price target for the company. StockNews.com cut ONE Group Hospitality from a "buy" rating to a "hold" rating in a research report on Monday. Finally, TheStreet cut ONE Group Hospitality from a "b-" rating to a "c+" rating in a research report on Monday, June 27th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.75.
ONE Group Hospitality Trading Down 0.6 %
NASDAQ:STKS traded down $0.05 during trading hours on Wednesday, hitting $8.15. The company had a trading volume of 1,947 shares, compared to its average volume of 98,487. The company has a current ratio of 1.02, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $8.16 and a 200 day moving average of $9.73. The company has a market cap of $266.09 million, a P/E ratio of 10.93 and a beta of 2.38. ONE Group Hospitality has a 1 year low of $7.00 and a 1 year high of $16.44.