ONE Group Hospitality (NASDAQ:STKS) Rating Reiterated by Stephens

ONE Group Hospitality (NASDAQ:STKS)‘s stock had its “overweight” rating reissued by equities researchers at Stephens in a report released on Thursday, Benzinga reports. They currently have a $9.00 target price on the restaurant operator’s stock. Stephens’ target price points to a potential upside of 76.13% from the company’s current price.

A number of other equities analysts have also issued reports on the stock. Wedbush reiterated a “neutral” rating and issued a $5.00 target price on shares of ONE Group Hospitality in a research report on Wednesday, March 27th. StockNews.com upgraded ONE Group Hospitality from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Lake Street Capital cut 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, ONE Group Hospitality currently has an average rating of “Moderate Buy” and a consensus price target of $7.33.

ONE Group Hospitality Stock Performance

Shares of NASDAQ:STKS remained flat at $5.11 during trading hours on Thursday. 98,295 shares of the company’s stock traded hands, compared to its average volume of 151,214. The firm has a fifty day moving average price of $4.75 and a two-hundred day moving average price of $4.82. The firm has a market capitalization of $159.99 million, a price-to-earnings ratio of 34.07 and a beta of 2.42. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.80 and a quick ratio of 0.70. ONE Group Hospitality has a 12 month low of $3.21 and a 12 month high of $8.02.

ONE Group Hospitality (NASDAQ:STKS) last posted its 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. 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. As a group, research analysts anticipate that ONE Group Hospitality will post 0.2 EPS for the current year.

Insider Buying and Selling at ONE Group Hospitality

In related 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 acquired at an average price of $4.21 per share, for a total transaction of $310,415.93. Following the transaction, the insider now directly owns 386,872 shares of the company’s stock, valued at approximately $1,628,731.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 19.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ONE Group Hospitality

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP lifted its holdings in shares of ONE Group Hospitality by 124.8% in the first quarter. GSA Capital Partners LLP now owns 104,257 shares of the restaurant operator’s stock valued at $581,000 after purchasing an additional 57,878 shares in the last quarter. CastleKnight Management LP lifted its stake in ONE Group Hospitality by 0.7% in the 4th quarter. CastleKnight Management LP now owns 801,485 shares of the restaurant operator’s stock worth $4,905,000 after acquiring an additional 5,500 shares in the last quarter. First Eagle Investment Management LLC boosted its position in ONE Group Hospitality by 30.8% during the 4th quarter. First Eagle Investment Management LLC now owns 891,097 shares of the restaurant operator’s stock worth $5,454,000 after acquiring an additional 209,985 shares during the period. Simplex Trading LLC purchased a new position in ONE Group Hospitality during the 4th quarter valued at about $75,000. Finally, Meros Investment Management LP grew its position in ONE Group Hospitality by 15.6% during the third quarter. Meros Investment Management LP now owns 676,043 shares of the restaurant operator’s stock valued at $3,718,000 after purchasing an additional 91,037 shares in the last quarter. Institutional investors and hedge funds own 29.14% of the company’s stock.

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.