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

Stephens reissued their overweight rating on shares of ONE Group Hospitality (NASDAQ:STKS) in a research report sent to investors on Thursday, Benzinga reports. Stephens currently has a $9.00 price target on the restaurant operator’s stock.

A number of other research firms also recently weighed in on STKS. StockNews.com raised shares of ONE Group Hospitality from a sell rating to a hold rating in a research note on Friday, April 12th. Wedbush restated a neutral rating and set a $5.00 price objective on shares of ONE Group Hospitality in a report on Wednesday, March 27th. Finally, Lake Street Capital dropped their price objective on ONE Group Hospitality from $11.00 to $8.00 and set a buy rating for the company in a report on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $7.33.

ONE Group Hospitality Price Performance

ONE Group Hospitality stock remained flat at $5.11 during mid-day trading on Thursday. 98,295 shares of the company’s stock were exchanged, compared to its average volume of 151,214. ONE Group Hospitality has a 12 month low of $3.21 and a 12 month high of $8.02. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.80 and a quick ratio of 0.70. The company has a market cap of $159.99 million, a P/E ratio of 34.07 and a beta of 2.42. The business’s 50-day simple moving average is $4.75 and its 200-day simple moving average is $4.82.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings results on Thursday, March 14th. The restaurant operator reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $89.94 million for 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%. On average, equities analysts forecast that ONE Group Hospitality will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling

In other ONE Group Hospitality news, insider David Kanen purchased 73,733 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average cost of $4.21 per share, with a total value of $310,415.93. Following the transaction, the insider now owns 386,872 shares in the company, valued at $1,628,731.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.70% of the stock is owned by corporate insiders.

Institutional Trading of ONE Group Hospitality

A number of institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC boosted its position in ONE Group Hospitality by 30.8% in the 4th quarter. First Eagle Investment Management LLC now owns 891,097 shares of the restaurant operator’s stock valued at $5,454,000 after buying an additional 209,985 shares during the last quarter. Meros Investment Management LP boosted its position in ONE Group Hospitality by 15.6% in the 3rd quarter. Meros Investment Management LP now owns 676,043 shares of the restaurant operator’s stock valued at $3,718,000 after buying an additional 91,037 shares during the last quarter. GSA Capital Partners LLP boosted its position in ONE Group Hospitality by 124.8% in the 1st quarter. GSA Capital Partners LLP now owns 104,257 shares of the restaurant operator’s stock valued at $581,000 after buying an additional 57,878 shares during the last quarter. Barclays PLC boosted its position in ONE Group Hospitality by 350.1% in the 3rd quarter. Barclays PLC now owns 20,676 shares of the restaurant operator’s stock valued at $114,000 after buying an additional 16,082 shares during the last quarter. Finally, Simplex Trading LLC purchased a new position in ONE Group Hospitality in the 4th quarter valued at about $75,000. 29.14% of the stock is owned by hedge funds and other institutional investors.

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.