Zacks Investment Research upgraded shares of One Group Hospitality Inc (OTCMKTS:STKS) from a hold rating to a buy rating in a research note issued to investors on Friday. Zacks Investment Research currently has $2.75 price objective on the stock.

According to Zacks, “The ONE Group Hospitality, Inc. operates as a hospitality company. The Company develops, manages and operates a portfolio of high-energy restaurants, lounges and bars. It also provides food and beverage hospitality solutions. The Company’s primary restaurant brand is STK, which is a steakhouse concept with locations in metropolitan cities throughout the United States and in London. It provides ONE Hospitality, a signature turn-key food and beverage service for hospitality venues including, hotels, casinos and other high-end locations both nationally and internationally. The ONE Group Hospitality, Inc. is headquartered in New York. “

One Group Hospitality (OTCMKTS:STKS) traded up 13.5415% during midday trading on Friday, reaching $2.6001. 268,109 shares of the company traded hands. The stock’s 50 day moving average is $2.38 and its 200 day moving average is $2.48. One Group Hospitality has a one year low of $2.20 and a one year high of $3.43. The company’s market capitalization is $64.97 million.

One Group Hospitality (OTCMKTS:STKS) last announced its quarterly earnings results on Monday, November 14th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The firm earned $18.40 million during the quarter, compared to analysts’ expectations of $18.67 million. On average, equities analysts anticipate that One Group Hospitality will post $0.03 earnings per share for the current year.

About One Group Hospitality

The ONE Group Hospitality, Inc, formerly Committed Capital Acquisition Corporation, is a hospitality company. The Company develops, owns and operates restaurants and lounges, and provides food and beverage services for hospitality venues, including hotels, casinos and other locations across the globe.

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