ONE Group Hospitality (NASDAQ:STKS) Receives Overweight Rating from Stephens

Stephens reissued their overweight rating on shares of ONE Group Hospitality (NASDAQ:STKS) in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a $9.00 price target on the restaurant operator’s stock.

A number of other analysts have also recently commented on the company. Lake Street Capital dropped their price objective on ONE Group Hospitality from $11.00 to $8.00 and set a buy rating for the company in a research report on Friday, March 15th. StockNews.com raised shares of ONE Group Hospitality from a sell rating to a hold rating in a research report on Friday, April 12th. Finally, Wedbush reissued a neutral rating and set a $5.00 price objective on shares of ONE Group Hospitality in a research note on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ONE Group Hospitality currently has an average rating of Moderate Buy and an average price target of $7.33.

ONE Group Hospitality Stock Performance

NASDAQ:STKS opened at $4.63 on Wednesday. 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 $144.96 million, a P/E ratio of 30.87 and a beta of 2.42. The firm has a 50-day moving average price of $4.80 and a two-hundred day moving average price of $4.82. ONE Group Hospitality has a twelve month low of $3.21 and a twelve month high of $8.02.

ONE Group Hospitality (NASDAQ:STKS) last issued its quarterly earnings data 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. The firm had revenue of $89.94 million during the quarter, compared to the consensus estimate of $96.98 million. ONE Group Hospitality had a return on equity of 11.66% and a net margin of 1.42%. As a group, research analysts expect that ONE Group Hospitality will post 0.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider David Kanen acquired 73,733 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was bought at an average price of $4.21 per share, with a total value of $310,415.93. Following the purchase, the insider now directly owns 386,872 shares in the company, valued at approximately $1,628,731.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 19.70% of the stock is owned by corporate insiders.

Institutional Trading of ONE Group Hospitality

Institutional investors have recently made changes to their positions in the stock. Simplex Trading LLC acquired a new position in ONE Group Hospitality in the fourth quarter valued at $75,000. Barclays PLC boosted its stake in shares of ONE Group Hospitality by 350.1% in the third quarter. Barclays PLC now owns 20,676 shares of the restaurant operator’s stock valued at $114,000 after purchasing an additional 16,082 shares during the period. GSA Capital Partners LLP boosted its position in ONE Group Hospitality by 124.8% in the 1st quarter. GSA Capital Partners LLP now owns 104,257 shares of the restaurant operator’s stock valued at $581,000 after buying an additional 57,878 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of ONE Group Hospitality by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 139,018 shares of the restaurant operator’s stock worth $765,000 after acquiring an additional 2,592 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its stake in ONE Group Hospitality by 1.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 265,953 shares of the restaurant operator’s stock valued at $1,463,000 after purchasing an additional 2,909 shares in the last quarter. 29.14% of the stock is owned by hedge funds and other institutional investors.

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.