According to Zacks, “The ONE Group Hospitality, Inc. operates as a hospitality company. The Company develops, manages and operates a portfolio of high-energy restaurants, lounges and bars. It also provides food and beverage hospitality solutions. The Company’s primary restaurant brand is STK, which is a steakhouse concept with locations in metropolitan cities throughout the United States and in London. It provides ONE Hospitality, a signature turn-key food and beverage service for hospitality venues including, hotels, casinos and other high-end locations both nationally and internationally. The ONE Group Hospitality, Inc. is headquartered in New York. “
Several other research analysts also recently issued reports on the stock. Piper Jaffray Companies downgraded shares of One Group Hospitality from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $5.00 to $4.00 in a report on Wednesday, September 4th. ValuEngine downgraded shares of One Group Hospitality from a “buy” rating to a “hold” rating in a report on Wednesday, June 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $4.08.
NASDAQ:STKS opened at $2.88 on Thursday. The firm’s 50-day moving average is $2.84 and its 200-day moving average is $3.11. One Group Hospitality has a 52-week low of $1.87 and a 52-week high of $4.00. The company has a debt-to-equity ratio of 5.06, a quick ratio of 0.59 and a current ratio of 0.68. The company has a market cap of $82.97 million, a price-to-earnings ratio of 24.00 and a beta of 0.68.
One Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). One Group Hospitality had a return on equity of 34.06% and a net margin of 3.68%. The company had revenue of $23.60 million for the quarter, compared to the consensus estimate of $23.10 million. Equities analysts predict that One Group Hospitality will post 0.15 EPS for the current year.
An institutional investor recently raised its position in One Group Hospitality stock. Vanguard Group Inc. increased its holdings in shares of One Group Hospitality Inc (NASDAQ:STKS) by 84.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 713,107 shares of the restaurant operator’s stock after acquiring an additional 325,536 shares during the period. Vanguard Group Inc. owned about 2.49% of One Group Hospitality worth $2,282,000 at the end of the most recent reporting period. Institutional investors own 4.36% of the company’s stock.
One Group Hospitality Company Profile
The ONE Group Hospitality, Inc, a hospitality company, develops, owns, and operates restaurants and lounges worldwide. It operates in three segments: Owned Restaurants; Owned Food, Beverage and Other; and Managed and Licensed Operations. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.
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