ONE Group Hospitality’s (STKS) “Neutral” Rating Reiterated at Wedbush

ONE Group Hospitality (NASDAQ:STKS)‘s stock had its “neutral” rating reissued by research analysts at Wedbush in a note issued to investors on Tuesday,Benzinga reports. They presently have a $3.50 price target on the restaurant operator’s stock. Wedbush’s price target would suggest a potential upside of 21.95% from the stock’s previous close.

Separately, Stephens restated an “overweight” rating and set a $6.00 target price on shares of ONE Group Hospitality in a research note on Monday, January 13th.

ONE Group Hospitality Stock Performance

Shares of STKS stock opened at $2.87 on Tuesday. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52. The company has a market capitalization of $88.55 million, a price-to-earnings ratio of -3.59 and a beta of 2.46. ONE Group Hospitality has a one year low of $2.68 and a one year high of $6.10. The company’s 50-day moving average is $3.25 and its 200 day moving average is $3.35.

ONE Group Hospitality (NASDAQ:STKS) last posted its earnings results on Monday, March 10th. The restaurant operator reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.33). ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. Sell-side analysts expect that ONE Group Hospitality will post -0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On ONE Group Hospitality

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings 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. XTX Topco Ltd purchased a new stake in shares of ONE Group Hospitality during the 4th quarter valued at about $35,000. GSA Capital Partners LLP bought a new position in shares of ONE Group Hospitality in the 3rd quarter worth approximately $54,000. Stoneridge Investment Partners LLC lifted its stake 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 worth $42,000 after purchasing an additional 2,684 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of ONE Group Hospitality by 53.8% in the third quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock worth $58,000 after buying an additional 5,497 shares during the last quarter. 29.14% of the stock is currently owned by hedge funds and other institutional investors.

ONE Group Hospitality Company Profile

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.