ONE Group Hospitality (NASDAQ:STKS) Rating Increased to Hold at StockNews.com

ONE Group Hospitality (NASDAQ:STKS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other analysts have also commented on the company. Stephens lowered their price objective on ONE Group Hospitality from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Wedbush reiterated a “neutral” rating and set a $3.50 price target on shares of ONE Group Hospitality in a research report on Tuesday, March 11th. Northcoast Research began coverage on shares of ONE Group Hospitality in a report on Friday, April 11th. They issued a “buy” rating and a $5.00 price objective on the stock. Finally, Noble Financial raised shares of ONE Group Hospitality to a “strong-buy” rating in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $4.50.

ONE Group Hospitality Price Performance

Shares of STKS stock opened at $3.78 on Friday. ONE Group Hospitality has a 1 year low of $2.37 and a 1 year high of $6.10. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 6.73. The firm’s 50 day moving average is $2.90 and its 200-day moving average is $3.13. The firm has a market capitalization of $117.28 million, a price-to-earnings ratio of -4.73 and a beta of 1.97.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings data on Tuesday, May 6th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.32. The firm had revenue of $211.13 million for the quarter, compared to the consensus estimate of $202.87 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. Sell-side analysts forecast that ONE Group Hospitality will post -0.18 EPS for the current fiscal year.

Insider Activity

In other news, CFO Tyler Loy acquired 10,000 shares of ONE Group Hospitality stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $2.55 per share, with a total value of $25,500.00. Following the purchase, the chief financial officer now directly owns 220,246 shares of the company’s stock, valued at $561,627.30. The trade was a 4.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 25.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ONE Group Hospitality

Several hedge funds have recently bought and sold shares of the company. Stoneridge Investment Partners LLC grew its holdings in shares of ONE Group Hospitality by 22.6% in the 4th quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 2,684 shares during the period. Barclays PLC grew its stake in ONE Group Hospitality by 6.7% in the fourth quarter. Barclays PLC now owns 49,634 shares of the restaurant operator’s stock valued at $143,000 after acquiring an additional 3,126 shares during the period. Wells Fargo & Company MN grew its stake in ONE Group Hospitality by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 3,316 shares during the period. Bank of America Corp DE increased its holdings 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 worth $101,000 after acquiring an additional 5,477 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of ONE Group Hospitality by 53.8% during the third quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 5,497 shares during the period. 29.14% of the stock is currently owned by institutional investors and hedge funds.

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.