ONE Group Hospitality’s (STKS) “Neutral” Rating Reiterated at Wedbush

Wedbush reiterated their neutral rating on shares of ONE Group Hospitality (NASDAQ:STKS) in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a $5.00 price objective on the restaurant operator’s stock.

STKS has been the subject of several other research reports. Lake Street Capital reduced their price target on shares of 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 upgraded shares of ONE Group Hospitality from a sell rating to a hold rating in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $7.33.

ONE Group Hospitality Stock Up 9.9 %

STKS stock opened at $5.57 on Wednesday. ONE Group Hospitality has a 12 month low of $3.21 and a 12 month high of $9.06. The firm has a market cap of $174.40 million, a PE ratio of 37.13 and a beta of 2.42. The firm has a 50 day simple moving average of $4.10 and a 200 day simple moving average of $4.82. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.80 and a quick ratio of 0.70.

ONE Group Hospitality (NASDAQ:STKS) last released its earnings results on Thursday, March 14th. The restaurant operator reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $89.94 million during the quarter, compared to analyst estimates of $96.98 million. ONE Group Hospitality had a net margin of 1.42% and a return on equity of 11.66%. Equities research analysts forecast 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 bought 73,733 shares of the business’s stock in a transaction on Monday, March 18th. The stock was bought at an average price of $4.21 per share, for a total transaction of $310,415.93. Following the transaction, the insider now directly owns 386,872 shares in the company, valued at $1,628,731.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 19.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of ONE Group Hospitality by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 1,464,267 shares of the restaurant operator’s stock valued at $8,961,000 after purchasing an additional 13,202 shares in the last quarter. Virtu Financial LLC bought a new position in shares of ONE Group Hospitality during the 4th quarter valued at $83,000. Price T Rowe Associates Inc. MD raised its holdings in shares of ONE Group Hospitality by 55.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,510 shares of the restaurant operator’s stock valued at $224,000 after purchasing an additional 12,956 shares in the last quarter. Meros Investment Management LP raised its holdings in shares of ONE Group Hospitality by 1.1% during the 4th quarter. Meros Investment Management LP now owns 683,691 shares of the restaurant operator’s stock valued at $4,184,000 after purchasing an additional 7,648 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of ONE Group Hospitality by 127.6% during the 4th quarter. Barclays PLC now owns 47,068 shares of the restaurant operator’s stock valued at $288,000 after purchasing an additional 26,392 shares in the last quarter. Institutional investors own 29.14% of the company’s stock.

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.