ONE Group Hospitality (NASDAQ:STKS) Receives “Overweight” Rating from Stephens

Stephens reiterated their overweight rating on shares of ONE Group Hospitality (NASDAQ:STKS) in a research report report published on Monday,Benzinga reports. Stephens currently has a $6.00 price target on the restaurant operator’s stock.

Separately, Wedbush cut their price objective on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Monday, November 11th.

ONE Group Hospitality Price Performance

STKS stock opened at $3.22 on Monday. The company has a market capitalization of $99.34 million, a P/E ratio of -4.03 and a beta of 2.37. The business has a 50-day simple moving average of $3.44 and a two-hundred day simple moving average of $3.97. ONE Group Hospitality has a 52-week low of $2.91 and a 52-week high of $6.45. 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 (NASDAQ:STKS) last released its earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share (EPS) for the quarter. The business had revenue of $193.98 million during the quarter, compared to the consensus estimate of $217.95 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. Research analysts expect that ONE Group Hospitality will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Barclays PLC raised its position in ONE Group Hospitality by 94.4% during the 3rd quarter. Barclays PLC now owns 46,508 shares of the restaurant operator’s stock valued at $171,000 after purchasing an additional 22,580 shares during the last quarter. Zacks Investment Management boosted its position in ONE Group Hospitality by 10.0% in the third quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock worth $883,000 after purchasing an additional 21,855 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of ONE Group Hospitality during the 3rd quarter valued at $54,000. Stoneridge Investment Partners LLC bought a new position in shares of ONE Group Hospitality in the third quarter worth about $44,000. Finally, Nantahala Capital Management LLC lifted its holdings in ONE Group Hospitality by 119.6% during the second quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock valued at $5,111,000 after purchasing an additional 654,818 shares in the last quarter. Hedge funds and other institutional investors 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.