StockNews.com Lowers ONE Group Hospitality (NASDAQ:STKS) to Hold

StockNews.com cut shares of ONE Group Hospitality (NASDAQ:STKSGet Rating) from a strong-buy rating to a hold rating in a report issued on Tuesday.

Separately, Zacks Investment Research downgraded ONE Group Hospitality from a hold rating to a sell rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, ONE Group Hospitality currently has a consensus rating of Hold and an average target price of $17.00.

STKS stock opened at $8.94 on Tuesday. ONE Group Hospitality has a 12-month low of $7.80 and a 12-month high of $16.44. The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 0.38. The company has a market cap of $288.54 million, a price-to-earnings ratio of 8.68 and a beta of 2.41. The company has a 50 day moving average of $10.20 and a two-hundred day moving average of $11.98.

ONE Group Hospitality (NASDAQ:STKSGet Rating) last posted its quarterly earnings results on Friday, May 6th. The restaurant operator reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. ONE Group Hospitality had a net margin of 11.31% and a return on equity of 45.09%. During the same period in the prior year, the firm earned $0.05 EPS. On average, research analysts anticipate that ONE Group Hospitality will post 0.74 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. Kanen Wealth Management LLC increased its holdings in shares of ONE Group Hospitality by 0.3% during the 4th quarter. Kanen Wealth Management LLC now owns 4,518,825 shares of the restaurant operator’s stock valued at $56,982,000 after acquiring an additional 13,261 shares during the last quarter. BlackRock Inc. lifted its stake in shares of ONE Group Hospitality by 9.9% in the fourth quarter. BlackRock Inc. now owns 1,147,574 shares of the restaurant operator’s stock worth $14,471,000 after buying an additional 103,062 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings in shares of ONE Group Hospitality by 1.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 366,447 shares of the restaurant operator’s stock worth $4,621,000 after buying an additional 5,500 shares during the period. Geode Capital Management LLC grew its stake in ONE Group Hospitality by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 359,295 shares of the restaurant operator’s stock valued at $4,530,000 after buying an additional 10,269 shares during the last quarter. Finally, Divisadero Street Capital Management LP bought a new position in ONE Group Hospitality in the 4th quarter worth $4,260,000. Hedge funds and other institutional investors own 37.11% of the company’s stock.

ONE Group Hospitality Company Profile (Get Rating)

The ONE Group Hospitality, Inc, a hospitality 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.

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