The ONE Group Hospitality, Inc. (NASDAQ:STKS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $4.50.

A number of equities research analysts have recently commented on the stock. Lake Street Capital lowered their price target on shares of ONE Group Hospitality from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ONE Group Hospitality in a research note on Thursday, January 22nd. Finally, Zacks Research raised ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st.

Institutional Trading of ONE Group Hospitality

A number of hedge funds have recently added to or reduced their stakes in the business. Group One Trading LLC increased its stake in shares of ONE Group Hospitality by 18,965.0% during the 3rd quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock valued at $56,000 after acquiring an additional 18,965 shares during the last quarter. Empirical Finance LLC purchased a new stake in ONE Group Hospitality in the second quarter valued at approximately $63,000. Squarepoint Ops LLC acquired a new position in ONE Group Hospitality during the third quarter worth approximately $97,000. Quadrature Capital Ltd acquired a new position in ONE Group Hospitality during the second quarter worth approximately $100,000. Finally, Bank of America Corp DE raised its stake in ONE Group Hospitality by 18.7% during the fourth quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 5,477 shares during the period. 29.14% of the stock is owned by institutional investors and hedge funds.

ONE Group Hospitality Stock Performance

Shares of ONE Group Hospitality stock opened at $2.02 on Tuesday. The firm’s fifty day simple moving average is $2.10 and its 200-day simple moving average is $2.27. ONE Group Hospitality has a 12 month low of $1.70 and a 12 month high of $5.26. The company has a debt-to-equity ratio of 16.52, a current ratio of 0.35 and a quick ratio of 0.29. The stock has a market capitalization of $62.82 million, a price-to-earnings ratio of -0.54, a PEG ratio of 0.23 and a beta of 1.65.

ONE Group Hospitality Company Profile

ONE Group Hospitality Inc is a full-service hospitality company primarily engaged in the development, ownership and operation of upscale restaurant and lounge concepts. The company’s flagship brand, STK, combines a modern steakhouse menu with a high-energy lounge atmosphere, offering signature cuts of beef, fresh seafood, sushi selections, craft cocktails and an extensive wine program. ONE Group’s concept emphasizes a seamless blend of fine dining and nightlife, catering to guests seeking both culinary excellence and an immersive social experience.

Headquartered in El Segundo, California, ONE Group deploys a mixed model of company-owned and franchised locations across multiple markets.