One Group Hospitality (STKS) Given a $5.00 Price Target at Lake Street Capital
One Group Hospitality (NASDAQ:STKS) has been given a $5.00 target price by equities research analysts at Lake Street Capital in a note issued to investors on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Lake Street Capital’s target price suggests a potential upside of 63.40% from the stock’s current price.
Separately, ValuEngine raised One Group Hospitality from a “hold” rating to a “buy” rating in a research report on Friday, October 12th.
Shares of One Group Hospitality stock opened at $3.06 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.56 and a quick ratio of 0.48. One Group Hospitality has a 12-month low of $1.46 and a 12-month high of $3.68.
In related news, major shareholder David Kanen bought 31,095 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were bought at an average cost of $2.93 per share, with a total value of $91,108.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 87,246 shares of company stock worth $255,305 over the last ninety days. 37.40% of the stock is owned by insiders.
An institutional investor recently bought a new position in One Group Hospitality stock. Penbrook Management LLC purchased a new stake in shares of One Group Hospitality Inc (NASDAQ:STKS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 108,900 shares of the restaurant operator’s stock, valued at approximately $384,000. Penbrook Management LLC owned 0.39% of One Group Hospitality at the end of the most recent quarter. Institutional investors own 5.99% of the company’s stock.
One Group Hospitality Company Profile
The ONE Group Hospitality, Inc, a hospitality company, develops, owns, and operates restaurants and lounges worldwide. It operates in three segments: Owned Restaurants; Owned Food, Beverage and Other; and Managed and Licensed Operations. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.
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