ONE Group Hospitality (NASDAQ:STKS) Raised to Hold at StockNews.com

StockNews.com upgraded shares of ONE Group Hospitality (NASDAQ:STKS) from a sell rating to a hold rating in a report released on Friday morning.

STKS has been the subject of a number of other research reports. Wedbush reissued a neutral rating and set a $5.00 price target on shares of ONE Group Hospitality in a research report on Wednesday, March 27th. Stephens initiated coverage on shares of ONE Group Hospitality in a research report on Friday. They set an overweight rating and a $9.00 price target on the stock. Finally, Lake Street Capital decreased their price objective on shares of ONE Group Hospitality from $11.00 to $8.00 and set a buy rating for the company in a research note on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $7.33.

ONE Group Hospitality Stock Performance

NASDAQ:STKS opened at $5.29 on Friday. 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 company has a market capitalization of $165.61 million, a P/E ratio of 35.27 and a beta of 2.46. The firm has a 50-day moving average price of $4.38 and a two-hundred day moving average price of $4.78. ONE Group Hospitality has a twelve month low of $3.21 and a twelve month high of $8.76.

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

Insider Activity

In other news, insider David Kanen purchased 191,585 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $3.75 per share, with a total value of $718,443.75. Following the purchase, the insider now directly owns 313,139 shares of the company’s stock, valued at approximately $1,174,271.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 19.30% of the company’s stock.

Institutional Investors Weigh In On ONE Group Hospitality

Hedge funds have recently bought and sold shares of the business. Barclays PLC grew its position in shares of ONE Group Hospitality by 533.2% during the fourth quarter. Barclays PLC now owns 6,060 shares of the restaurant operator’s stock worth $38,000 after buying an additional 5,103 shares in the last quarter. UBS Group AG raised its stake in shares of ONE Group Hospitality by 460.8% in the 4th quarter. UBS Group AG now owns 6,730 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 5,530 shares in the last quarter. Citigroup Inc. acquired a new position in ONE Group Hospitality in the second quarter worth about $48,000. BNP Paribas Arbitrage SNC increased its holdings in 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 valued at $50,000 after buying an additional 2,885 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in ONE Group Hospitality by 154.2% during the third quarter. Tower Research Capital LLC TRC now owns 9,847 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 5,974 shares in the last quarter. Institutional investors and hedge funds own 29.14% of the company’s stock.

About ONE Group Hospitality

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.