ONE Group Hospitality (NASDAQ:STKS) Now Covered by Analysts at Stephens

Stephens began coverage on shares of ONE Group Hospitality (NASDAQ:STKS) in a research note issued to investors on Friday morning, Marketbeat reports. The firm issued an overweight rating and a $9.00 price objective on the restaurant operator’s stock.

Several other equities research analysts have also commented on STKS. Lake Street Capital decreased their price target on ONE Group Hospitality from $11.00 to $8.00 and set a buy rating on the stock in a research note on Friday, March 15th. StockNews.com lowered ONE Group Hospitality from a hold rating to a sell rating in a research note on Friday, March 29th. Finally, Wedbush reaffirmed a neutral rating and issued a $5.00 target price on shares of ONE Group Hospitality in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, ONE Group Hospitality presently has an average rating of Moderate Buy and an average target price of $7.33.

ONE Group Hospitality Stock Down 2.9 %

STKS opened at $5.29 on Friday. The business’s 50-day simple moving average is $4.38 and its 200-day simple moving average is $4.78. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.70 and a current ratio of 0.80. ONE Group Hospitality has a one year low of $3.21 and a one year high of $8.76. The stock has a market capitalization of $165.61 million, a P/E ratio of 35.27 and a beta of 2.46.

ONE Group Hospitality (NASDAQ:STKS) last issued its quarterly earnings results on Thursday, March 14th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. ONE Group Hospitality had a return on equity of 11.66% and a net margin of 1.42%. The firm had revenue of $89.94 million for the quarter, compared to analysts’ expectations of $96.98 million. Analysts anticipate that ONE Group Hospitality will post 0.2 EPS for the current year.

Insiders Place Their Bets

In other ONE Group Hospitality news, insider David Kanen purchased 191,585 shares of ONE Group Hospitality stock in a transaction on Friday, March 15th. The shares were bought at an average price of $3.75 per share, with a total value of $718,443.75. Following the purchase, the insider now directly owns 313,139 shares in the company, valued at approximately $1,174,271.25. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 19.30% of the company’s stock.

Institutional Trading of ONE Group Hospitality

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of ONE Group Hospitality by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 1,464,267 shares of the restaurant operator’s stock worth $8,961,000 after buying an additional 13,202 shares during the last quarter. Virtu Financial LLC acquired a new stake in ONE Group Hospitality in the 4th quarter valued at $83,000. Price T Rowe Associates Inc. MD increased its holdings in ONE Group Hospitality by 55.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,510 shares of the restaurant operator’s stock valued at $224,000 after purchasing an additional 12,956 shares in the last quarter. Meros Investment Management LP increased its holdings in ONE Group Hospitality by 1.1% in the 4th quarter. Meros Investment Management LP now owns 683,691 shares of the restaurant operator’s stock valued at $4,184,000 after purchasing an additional 7,648 shares in the last quarter. Finally, Barclays PLC increased its holdings in ONE Group Hospitality by 127.6% in the 4th quarter. Barclays PLC now owns 47,068 shares of the restaurant operator’s stock valued at $288,000 after purchasing an additional 26,392 shares in the last quarter. 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.