ONE Group Hospitality (NASDAQ:STKS) Now Covered by Stephens

Stock analysts at Stephens initiated coverage on shares of ONE Group Hospitality (NASDAQ:STKS) in a report issued on Friday, Marketbeat reports. The brokerage set an “overweight” rating and a $9.00 price target on the restaurant operator’s stock. Stephens’ price objective suggests a potential upside of 65.14% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Wedbush reaffirmed a “neutral” rating and issued a $5.00 price target on shares of ONE Group Hospitality in a research note on Wednesday, March 27th. StockNews.com lowered shares of ONE Group Hospitality from a “hold” rating to a “sell” rating in a research note on Friday, March 29th. Finally, Lake Street Capital dropped their target price on shares of ONE Group Hospitality from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, March 15th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, ONE Group Hospitality presently has an average rating of “Moderate Buy” and an average target price of $7.33.

ONE Group Hospitality Trading Down 4.0 %

ONE Group Hospitality stock opened at $5.45 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average price of $4.35 and a two-hundred day moving average price of $4.79. The firm has a market capitalization of $170.64 million, a price-to-earnings ratio of 36.33 and a beta of 2.46. ONE Group Hospitality has a 52-week low of $3.21 and a 52-week high of $9.05.

ONE Group Hospitality (NASDAQ:STKS) last posted its earnings results on Thursday, March 14th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $89.94 million during the quarter, compared to analyst estimates of $96.98 million. ONE Group Hospitality had a net margin of 1.42% and a return on equity of 11.66%. Sell-side analysts expect that ONE Group Hospitality will post 0.2 earnings per share for the current year.

Insider Activity at ONE Group Hospitality

In related news, insider David Kanen bought 73,733 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average cost of $4.21 per share, for a total transaction of $310,415.93. Following the purchase, the insider now directly owns 386,872 shares in the company, valued at $1,628,731.12. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 19.30% of the company’s stock.

Hedge Funds Weigh In On ONE Group Hospitality

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of ONE Group Hospitality by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 1,464,267 shares of the restaurant operator’s stock valued at $8,961,000 after buying an additional 13,202 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of ONE Group Hospitality in the 4th quarter valued at $83,000. Price T Rowe Associates Inc. MD raised its stake in shares of ONE Group Hospitality by 55.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,510 shares of the restaurant operator’s stock valued at $224,000 after buying an additional 12,956 shares in the last quarter. Meros Investment Management LP raised its stake in shares of ONE Group Hospitality by 1.1% in the 4th quarter. Meros Investment Management LP now owns 683,691 shares of the restaurant operator’s stock valued at $4,184,000 after buying an additional 7,648 shares in the last quarter. Finally, Barclays PLC raised its stake in shares of ONE Group Hospitality by 127.6% in the 4th quarter. Barclays PLC now owns 47,068 shares of the restaurant operator’s stock valued at $288,000 after buying an additional 26,392 shares in the last quarter. Institutional investors and hedge funds own 29.14% of the company’s stock.

About ONE Group Hospitality

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.