ONE Group Hospitality (NASDAQ:STKS) Stock Rating Raised to “Hold” at Zacks Research

Zacks Research upgraded shares of ONE Group Hospitality (NASDAQ:STKS) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks reports.

A number of other equities analysts also recently weighed in on the stock. Piper Sandler decreased their target price on shares of ONE Group Hospitality from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, August 10th. Weiss Ratings raised ONE Group Hospitality from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, ONE Group Hospitality currently has an average rating of “Hold” and a consensus price target of $4.00.

ONE Group Hospitality Price Performance

Shares of ONE Group Hospitality stock opened at $1.55 on Monday. The company has a 50-day moving average of $1.67 and a 200 day moving average of $1.79. The firm has a market cap of $49.12 million, a price-to-earnings ratio of -0.41 and a beta of 1.35. ONE Group Hospitality has a 1 year low of $1.50 and a 1 year high of $2.91.

Hedge Funds Weigh In On ONE Group Hospitality

Several large investors have recently added to or reduced their stakes in the company. Nantahala Capital Management LLC purchased a new position in shares of ONE Group Hospitality during the second quarter worth approximately $4,263,379. Bank of America Corp DE purchased a new stake in shares of ONE Group Hospitality in the second quarter valued at approximately $51,000. BlackRock Inc. purchased a new stake in shares of ONE Group Hospitality in the 2nd quarter worth $905,000. Finally, Piedmont Capital Management LLC NC bought a new position in ONE Group Hospitality during the 4th quarter worth about $104,000. Hedge funds and other institutional investors own 29.14% of the company’s stock.

ONE Group Hospitality Company Profile

ONE Group Hospitality, Inc is a hospitality company that develops, owns, manages and licenses upscale restaurants and entertainment-focused dining venues. Its portfolio is centered on experiential dining concepts designed to combine food, beverage and nightlife.

The company’s principal brands include STK Steakhouse, an upscale steakhouse concept known for combining traditional steakhouse dining with a lively, contemporary atmosphere, and Kona Grill, which offers American cuisine, sushi, seafood and a full-service bar in a polished casual setting.