ONE Group Hospitality (NASDAQ:STKS) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of ONE Group Hospitality (NASDAQ:STKSFree Report) from a hold rating to a sell rating in a research report report published on Friday.

STKS has been the topic of several other research reports. Wedbush restated a neutral rating and issued a $5.00 price target on shares of ONE Group Hospitality in a research note on Wednesday. Lake Street Capital dropped their price target on ONE Group Hospitality from $11.00 to $8.00 and set a buy rating on the stock in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $7.33.

View Our Latest Analysis on STKS

ONE Group Hospitality Trading Up 9.9 %

Shares of STKS stock opened at $5.57 on Friday. The stock has a market capitalization of $174.40 million, a PE ratio of 37.13 and a beta of 2.42. ONE Group Hospitality has a 1-year low of $3.21 and a 1-year high of $9.06. The business has a 50-day moving average of $4.10 and a 200 day moving average of $4.82. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.80 and a quick ratio of 0.70.

ONE Group Hospitality (NASDAQ:STKSGet Free Report) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $96.98 million. As a group, sell-side analysts anticipate that ONE Group Hospitality will post 0.2 earnings per share for the current year.

Insider Transactions at ONE Group Hospitality

In other news, insider David Kanen bought 191,585 shares of ONE Group Hospitality stock in a transaction dated Friday, March 15th. The shares were purchased at an average cost of $3.75 per share, with a total value of $718,443.75. Following the completion of the acquisition, the insider now owns 313,139 shares of the company’s stock, valued at approximately $1,174,271.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 19.30% of the company’s stock.

Institutional Investors Weigh In On ONE Group Hospitality

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in ONE Group Hospitality by 533.2% during the fourth quarter. Barclays PLC now owns 6,060 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 5,103 shares during the last quarter. Citigroup Inc. bought a new position in shares of ONE Group Hospitality during the second quarter valued at approximately $48,000. UBS Group AG grew its stake in shares of ONE Group Hospitality by 460.8% during the fourth quarter. UBS Group AG now owns 6,730 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 5,530 shares during the last quarter. BNP Paribas Arbitrage SNC grew its stake in shares of ONE Group Hospitality by 61.8% during the third quarter. BNP Paribas Arbitrage SNC now owns 7,555 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 2,885 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of ONE Group Hospitality by 109.7% during the second quarter. Wells Fargo & Company MN now owns 9,189 shares of the restaurant operator’s stock valued at $67,000 after buying an additional 4,806 shares during the last quarter. 29.14% of the stock is owned by institutional investors.

About ONE Group Hospitality

(Get Free Report)

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.

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