Brokerages Set The ONE Group Hospitality, Inc. (NASDAQ:STKS) Price Target at $4.63

The ONE Group Hospitality, Inc. (NASDAQ:STKS) has been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $4.6250.

A number of equities analysts have weighed in on STKS shares. Weiss Ratings restated a “sell (d-)” rating on shares of ONE Group Hospitality in a report on Wednesday, October 8th. Zacks Research upgraded shares of ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st.

ONE Group Hospitality Stock Up 0.5%

Shares of NASDAQ STKS opened at $2.04 on Monday. The stock has a fifty day moving average price of $1.90 and a 200 day moving average price of $2.66. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 16.52. ONE Group Hospitality has a 12-month low of $1.70 and a 12-month high of $5.26. The company has a market cap of $63.44 million, a P/E ratio of -0.55, a P/E/G ratio of 0.22 and a beta of 1.63.

ONE Group Hospitality (NASDAQ:STKS) last issued its quarterly earnings data on Thursday, November 6th. The restaurant operator reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.47). ONE Group Hospitality had a positive return on equity of 181.12% and a negative net margin of 10.21%.The company had revenue of $180.20 million for the quarter, compared to analyst estimates of $191.29 million. Research analysts anticipate that ONE Group Hospitality will post -0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On ONE Group Hospitality

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STKS. Empirical Finance LLC purchased a new stake in shares of ONE Group Hospitality during the second quarter worth about $63,000. Group One Trading LLC boosted its holdings in ONE Group Hospitality by 18,965.0% in the third 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 last quarter. Quadrature Capital Ltd acquired a new stake in ONE Group Hospitality during the 2nd quarter valued at approximately $100,000. Qube Research & Technologies Ltd purchased a new stake in ONE Group Hospitality during the 2nd quarter worth approximately $132,000. Finally, Squarepoint Ops LLC purchased a new stake in ONE Group Hospitality during the 3rd quarter worth approximately $97,000. 29.14% of the stock is owned by hedge funds and other institutional investors.

ONE Group Hospitality Company Profile

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.