Analysts Set The ONE Group Hospitality, Inc. (NASDAQ:STKS) Target Price at $4.50

The ONE Group Hospitality, Inc. (NASDAQ:STKS) has been assigned an average recommendation of “Hold” from the five research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $4.50.

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of ONE Group Hospitality in a research note on Thursday, January 22nd. Lake Street Capital lowered their price objective on ONE Group Hospitality from $5.00 to $4.00 and set a “buy” rating for the company 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 report on Thursday, January 1st.

Institutional Trading of ONE Group Hospitality

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position 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 buying an additional 5,477 shares during the period. Vanguard Group Inc. raised its holdings in shares of ONE Group Hospitality by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,227,751 shares of the restaurant operator’s stock valued at $3,634,000 after buying an additional 14,765 shares during the period. Dimensional Fund Advisors LP lifted its position in ONE Group Hospitality by 35.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 70,839 shares of the restaurant operator’s stock worth $210,000 after acquiring an additional 18,435 shares in the last quarter. Group One Trading LLC boosted its holdings in 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 acquiring an additional 18,965 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in ONE Group Hospitality in the 2nd quarter worth approximately $132,000. 29.14% of the stock is owned by hedge funds and other institutional investors.

ONE Group Hospitality Price Performance

ONE Group Hospitality stock opened at $1.75 on Wednesday. The stock has a market capitalization of $54.92 million, a P/E ratio of -0.43, a P/E/G ratio of 0.22 and a beta of 1.49. ONE Group Hospitality has a 12-month low of $1.66 and a 12-month high of $5.26. The firm’s 50-day moving average is $1.91 and its two-hundred day moving average is $2.06.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings data on Friday, March 13th. The restaurant operator reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.46). ONE Group Hospitality had a negative net margin of 11.45% and a negative return on equity of 57.00%. The firm had revenue of $207.01 million for the quarter, compared to analysts’ expectations of $210.28 million. As a group, analysts forecast that ONE Group Hospitality will post -0.18 EPS for the current year.

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.