ONE Group Hospitality (NASDAQ:STKS) Stock Rating Upgraded by Zacks Research

ONE Group Hospitality (NASDAQ:STKS) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

ONE Group Hospitality Stock Performance

Shares of STKS stock opened at $1.85 on Tuesday. The firm has a market cap of $58.39 million, a P/E ratio of -0.46 and a beta of 1.33. ONE Group Hospitality has a fifty-two week low of $1.65 and a fifty-two week high of $4.83. The business’s 50 day moving average price is $1.90 and its 200-day moving average price is $1.95.

ONE Group Hospitality (NASDAQ:STKS) last announced its earnings results on Wednesday, May 6th. The restaurant operator reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.32). ONE Group Hospitality had a negative net margin of 11.15% and a negative return on equity of 6.77%. The business had revenue of $212.82 million for the quarter, compared to the consensus estimate of $218.55 million. As a group, equities analysts predict that ONE Group Hospitality will post -0.69 EPS for the current year.

Hedge Funds Weigh In On ONE Group Hospitality

Several hedge funds and other institutional investors have recently modified their holdings of STKS. Group One Trading LLC raised its stake in ONE Group Hospitality by 18,965.0% in the third quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock worth $56,000 after buying an additional 18,965 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of ONE Group Hospitality in the 3rd quarter valued at approximately $97,000. Bank of America Corp DE lifted its stake in shares of ONE Group Hospitality by 18.7% in the 4th quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 5,477 shares during the period. Piedmont Capital Management LLC NC bought a new stake in shares of ONE Group Hospitality during the fourth quarter valued at approximately $104,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of ONE Group Hospitality during the second quarter valued at approximately $132,000. Hedge funds and other institutional investors own 29.14% of the company’s stock.

About ONE Group Hospitality

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.