The ONE Group Hospitality, Inc. (NASDAQ:STKS) Receives $4.67 Consensus Target Price from Brokerages

The ONE Group Hospitality, Inc. (NASDAQ:STKS) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $4.6667.

STKS has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ONE Group Hospitality in a report on Thursday, January 22nd. Lake Street Capital dropped their price objective on shares of ONE Group Hospitality from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Finally, Zacks Research raised shares of ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st.

ONE Group Hospitality Stock Performance

Shares of STKS opened at $1.75 on Friday. The business’s fifty day moving average price is $2.04 and its 200 day moving average price is $2.15. ONE Group Hospitality has a 12-month low of $1.66 and a 12-month high of $5.26. The stock has a market capitalization of $54.69 million, a PE ratio of -0.43, a price-to-earnings-growth ratio of 0.22 and a beta of 1.62. The company has a debt-to-equity ratio of 16.52, a current ratio of 0.43 and a quick ratio of 0.35.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings data on Friday, March 13th. The restaurant operator reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.46). The business had revenue of $207.01 million during the quarter, compared to analyst estimates of $210.28 million. ONE Group Hospitality had a negative return on equity of 57.00% and a negative net margin of 11.45%. Equities research analysts forecast that ONE Group Hospitality will post -0.18 EPS for the current year.

Institutional Trading of ONE Group Hospitality

Hedge funds have recently made changes to their positions in the stock. Group One Trading LLC boosted its position in ONE Group Hospitality by 18,965.0% during the 3rd quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 18,965 shares during the period. Empirical Finance LLC acquired a new stake in ONE Group Hospitality in the second quarter worth $63,000. Squarepoint Ops LLC bought a new stake in ONE Group Hospitality in the third quarter valued at $97,000. Quadrature Capital Ltd bought a new stake in ONE Group Hospitality in the second quarter valued at $100,000. Finally, Bank of America Corp DE boosted its holdings in shares of ONE Group Hospitality by 18.7% during the fourth quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock valued at $101,000 after acquiring an additional 5,477 shares during the period. 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.