ONE Group Hospitality (NASDAQ:STKS) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of ONE Group Hospitality (NASDAQ:STKS) from a sell rating to a hold rating in a research report sent to investors on Friday morning.

Several other equities research analysts have also commented on STKS. Noble Financial upgraded ONE Group Hospitality to a “strong-buy” rating in a research report on Wednesday, April 23rd. Wedbush reaffirmed a “neutral” rating and set a $3.50 price objective on shares of ONE Group Hospitality in a research report on Tuesday, March 11th. Stephens dropped their target price on shares of ONE Group Hospitality from $6.00 to $5.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Finally, Northcoast Research assumed coverage on shares of ONE Group Hospitality in a research note on Friday, April 11th. They set a “buy” rating and a $5.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ONE Group Hospitality presently has a consensus rating of “Moderate Buy” and an average price target of $4.50.

ONE Group Hospitality Stock Up 7.4 %

Shares of NASDAQ STKS opened at $3.78 on Friday. The company’s 50 day moving average price is $2.90 and its 200-day moving average price is $3.13. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52. ONE Group Hospitality has a 52-week low of $2.37 and a 52-week high of $6.10. The company has a market capitalization of $117.28 million, a P/E ratio of -4.73 and a beta of 1.97.

ONE Group Hospitality (NASDAQ:STKS) last released its earnings results on Tuesday, May 6th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.32. The business had revenue of $211.13 million for the quarter, compared to analyst estimates of $202.87 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. Equities analysts forecast that ONE Group Hospitality will post -0.18 earnings per share for the current year.

Insider Transactions at ONE Group Hospitality

In other ONE Group Hospitality news, CFO Tyler Loy acquired 10,000 shares of ONE Group Hospitality stock in a transaction dated Friday, March 14th. The stock was purchased at an average cost of $2.55 per share, for a total transaction of $25,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 220,246 shares of the company’s stock, valued at $561,627.30. This represents a 4.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 25.10% of the stock is owned by insiders.

Hedge Funds Weigh In On ONE Group Hospitality

Several large investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its stake in shares of ONE Group Hospitality by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 3,316 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of ONE Group Hospitality during the fourth quarter valued at approximately $35,000. Stoneridge Investment Partners LLC grew its holdings in ONE Group Hospitality by 22.6% during the fourth quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator’s stock worth $42,000 after buying an additional 2,684 shares in the last quarter. JPMorgan Chase & Co. raised its position in ONE Group Hospitality by 53.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 5,497 shares during the last quarter. Finally, Magnus Financial Group LLC bought a new position in ONE Group Hospitality during the 4th quarter valued at $72,000. Institutional investors own 29.14% of the company’s stock.

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.