ValuEngine upgraded shares of One Group Hospitality (NASDAQ:STKS) from a hold rating to a buy rating in a research note issued to investors on Friday.

NASDAQ:STKS traded up $0.02 during mid-day trading on Friday, hitting $3.48. 5,246 shares of the company’s stock were exchanged, compared to its average volume of 49,583. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 1.13. One Group Hospitality has a fifty-two week low of $1.32 and a fifty-two week high of $3.68.

One Group Hospitality (NASDAQ:STKS) last posted its earnings results on Tuesday, August 14th. The restaurant operator reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.03). One Group Hospitality had a negative return on equity of 12.08% and a negative net margin of 1.37%. The business had revenue of $20.31 million for the quarter.

In other One Group Hospitality news, major shareholder David Kanen bought 39,861 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were acquired at an average cost of $2.93 per share, for a total transaction of $116,792.73. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders have purchased 278,894 shares of company stock worth $784,858. 37.40% of the stock is owned by corporate insiders.

One Group Hospitality Company Profile

The ONE Group Hospitality, Inc, a hospitality company, develops, owns, and operates restaurants and lounges worldwide. It operates in three segments: Owned Restaurants; Owned Food, Beverage and Other; and Managed and Licensed Operations. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.

See Also: Leveraged Buyout (LBO)

To view ValuEngine’s full report, visit ValuEngine’s official website.

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