ONE Group Hospitality (NASDAQ:STKS) Now Covered by Analysts at Stephens

Stephens began coverage on shares of ONE Group Hospitality (NASDAQ:STKS) in a research note released on Friday morning, Marketbeat reports. The brokerage issued an overweight rating and a $9.00 price objective on the restaurant operator’s stock.

STKS has been the topic of a number of other research reports. StockNews.com downgraded ONE Group Hospitality from a hold rating to a sell rating in a research report on Friday, March 29th. Lake Street Capital dropped their price objective on ONE Group Hospitality from $11.00 to $8.00 and set a buy rating on the stock in a research report on Friday, March 15th. Finally, Wedbush reaffirmed a neutral rating and set a $5.00 price objective on shares of ONE Group Hospitality in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $7.33.

ONE Group Hospitality Price Performance

STKS opened at $5.29 on Friday. ONE Group Hospitality has a 12-month low of $3.21 and a 12-month high of $8.76. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.05. The business’s fifty day simple moving average is $4.38 and its 200-day simple moving average is $4.78. The company has a market capitalization of $165.61 million, a price-to-earnings ratio of 35.27 and a beta of 2.46.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings results on Thursday, March 14th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. ONE Group Hospitality had a return on equity of 11.66% and a net margin of 1.42%. The business had revenue of $89.94 million for the quarter, compared to the consensus estimate of $96.98 million. On average, equities research analysts anticipate that ONE Group Hospitality will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling at ONE Group Hospitality

In other ONE Group Hospitality news, insider David Kanen purchased 73,733 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $4.21 per share, for a total transaction of $310,415.93. Following the completion of the purchase, the insider now owns 386,872 shares in the company, valued at approximately $1,628,731.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ONE Group Hospitality

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in ONE Group Hospitality by 533.2% in the fourth quarter. Barclays PLC now owns 6,060 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 5,103 shares during the last quarter. UBS Group AG raised its stake in ONE Group Hospitality by 460.8% in the fourth quarter. UBS Group AG now owns 6,730 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 5,530 shares during the last quarter. Citigroup Inc. purchased a new position in shares of ONE Group Hospitality in the second quarter worth about $48,000. BNP Paribas Arbitrage SNC raised its stake in shares of ONE Group Hospitality by 61.8% in the third quarter. BNP Paribas Arbitrage SNC now owns 7,555 shares of the restaurant operator’s stock worth $50,000 after purchasing an additional 2,885 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of ONE Group Hospitality by 154.2% in the third quarter. Tower Research Capital LLC TRC now owns 9,847 shares of the restaurant operator’s stock worth $65,000 after purchasing an additional 5,974 shares during the last quarter. 29.14% of the stock is currently owned by hedge funds and other institutional investors.

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.