The ONE Group Hospitality, Inc. (NASDAQ:STKS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $4.6667.

Several equities research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ONE Group Hospitality in a research note on Thursday, January 22nd. Lake Street Capital cut their price objective on shares of ONE Group Hospitality from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Finally, Zacks Research upgraded ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st.

ONE Group Hospitality Trading Up 4.4%

Shares of STKS stock opened at $1.91 on Friday. The company has a market cap of $59.40 million, a P/E ratio of -0.47, a PEG ratio of 0.23 and a beta of 1.62. ONE Group Hospitality has a fifty-two week low of $1.66 and a fifty-two week high of $5.26. The stock has a 50 day simple moving average of $2.11 and a two-hundred day simple moving average of $2.18. The company has a debt-to-equity ratio of 16.52, a quick ratio of 0.29 and a current ratio of 0.35.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings data on Friday, March 13th. The restaurant operator reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.46). The company had revenue of $207.01 million during the quarter, compared to the consensus estimate of $210.28 million. ONE Group Hospitality had a negative net margin of 11.45% and a negative return on equity of 460.16%. Research analysts forecast that ONE Group Hospitality will post -0.18 earnings per share for the current year.

Hedge Funds Weigh In On ONE Group Hospitality

Institutional investors have recently modified their holdings of the company. Group One Trading LLC lifted its holdings in shares of ONE Group Hospitality by 18,965.0% in the 3rd quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock worth $56,000 after purchasing an additional 18,965 shares in the last quarter. Empirical Finance LLC bought a new stake in ONE Group Hospitality during the 2nd quarter valued at $63,000. Squarepoint Ops LLC acquired a new position in ONE Group Hospitality during the third quarter worth $97,000. Quadrature Capital Ltd acquired a new position in ONE Group Hospitality during the second quarter worth $100,000. Finally, Bank of America Corp DE lifted its stake in shares of ONE Group Hospitality by 18.7% in the fourth quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 5,477 shares in the last quarter. 29.14% of the stock is owned by institutional investors and hedge funds.

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.