ONE Group Hospitality (NASDAQ:STKS) Receives Overweight Rating from Stephens

ONE Group Hospitality (NASDAQ:STKS)‘s stock had its “overweight” rating restated by equities research analysts at Stephens in a note issued to investors on Wednesday, Benzinga reports. They presently have a $9.00 target price on the restaurant operator’s stock. Stephens’ price target would indicate a potential upside of 87.50% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on STKS. Lake Street Capital lowered their target price on shares of ONE Group Hospitality from $11.00 to $8.00 and set a “buy” rating for the company in a report on Friday, March 15th. StockNews.com raised shares of ONE Group Hospitality from a “sell” rating to a “hold” rating in a research note on Friday, April 12th. Finally, Wedbush reiterated a “neutral” rating and issued a $5.00 target price on shares of ONE Group Hospitality in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, ONE Group Hospitality has an average rating of “Moderate Buy” and a consensus price target of $7.33.

ONE Group Hospitality Price Performance

Shares of NASDAQ STKS opened at $4.80 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.05. The stock has a market cap of $150.29 million, a price-to-earnings ratio of 32.00 and a beta of 2.42. The company’s 50-day moving average price is $4.78 and its 200 day moving average price is $4.83. ONE Group Hospitality has a 52 week low of $3.21 and a 52 week high of $8.02.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings data on Thursday, March 14th. The restaurant operator reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. ONE Group Hospitality had a return on equity of 11.66% and a net margin of 1.42%. The business had revenue of $89.94 million for the quarter, compared to analyst estimates of $96.98 million. As a group, research analysts forecast that ONE Group Hospitality will post 0.2 earnings per share for the current fiscal year.

Insider Activity

In other news, insider David Kanen purchased 191,585 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average cost of $3.75 per share, with a total value of $718,443.75. Following the acquisition, the insider now owns 313,139 shares in the company, valued at $1,174,271.25. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 19.70% of the company’s stock.

Institutional Trading of ONE Group Hospitality

Institutional investors have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC grew its holdings in ONE Group Hospitality by 30.8% during the 4th quarter. First Eagle Investment Management LLC now owns 891,097 shares of the restaurant operator’s stock worth $5,454,000 after acquiring an additional 209,985 shares in the last quarter. Meros Investment Management LP lifted its position in shares of ONE Group Hospitality by 15.6% during the third quarter. Meros Investment Management LP now owns 676,043 shares of the restaurant operator’s stock worth $3,718,000 after purchasing an additional 91,037 shares during the last quarter. GSA Capital Partners LLP grew its stake in ONE Group Hospitality by 124.8% in the first quarter. GSA Capital Partners LLP now owns 104,257 shares of the restaurant operator’s stock worth $581,000 after purchasing an additional 57,878 shares in the last quarter. Barclays PLC increased its holdings in ONE Group Hospitality by 350.1% in the third quarter. Barclays PLC now owns 20,676 shares of the restaurant operator’s stock valued at $114,000 after buying an additional 16,082 shares during the last quarter. Finally, Simplex Trading LLC acquired a new stake in ONE Group Hospitality during the fourth quarter valued at approximately $75,000. 29.14% of the stock is owned by institutional investors and hedge funds.

ONE Group Hospitality Company Profile

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.