AdvisorShares Investments LLC Boosts Holdings in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

AdvisorShares Investments LLC lifted its stake in The ONE Group Hospitality, Inc. (NASDAQ:STKS – Get Rating) by 32.6% in the 1st quarter, HoldingsChannel reports. The firm owned 20,360 shares of the restaurant operator’s stock after buying an additional 5,000 shares during the quarter. AdvisorShares Investments LLC’s holdings in ONE Group Hospitality were worth $214,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Titleist Asset Management LTD. bought a new position in shares of ONE Group Hospitality in the 1st quarter worth about $127,000. BNP Paribas Arbitrage SA increased its stake in shares of ONE Group Hospitality by 174.6% in the 4th quarter. BNP Paribas Arbitrage SA now owns 10,910 shares of the restaurant operator’s stock worth $138,000 after acquiring an additional 6,937 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of ONE Group Hospitality in the 1st quarter worth about $193,000. Welch Capital Partners LLC NY bought a new position in shares of ONE Group Hospitality in the 4th quarter worth about $252,000. Finally, Allianz Asset Management GmbH bought a new position in shares of ONE Group Hospitality in the 4th quarter worth about $276,000. 37.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on STKS shares. Roth Capital started coverage on shares of ONE Group Hospitality in a research note on Tuesday, July 19th. They issued a “buy” rating and a $13.00 price target for the company. StockNews.com upgraded shares of ONE Group Hospitality from a “hold” rating to a “buy” rating in a research note on Wednesday, May 18th. Finally, TheStreet lowered shares of ONE Group Hospitality from a “b-” rating to a “c+” rating in a research note on Monday, June 27th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $16.75.

ONE Group Hospitality Stock Down 10.9 %

NASDAQ:STKS opened at $7.87 on Friday. The firm has a market cap of $255.38 million, a P/E ratio of 10.49 and a beta of 2.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.93 and a current ratio of 1.05. The ONE Group Hospitality, Inc. has a fifty-two week low of $7.00 and a fifty-two week high of $16.44. The firm has a 50-day simple moving average of $8.20 and a two-hundred day simple moving average of $9.80.

ONE Group Hospitality (NASDAQ:STKS – Get Rating) last released its quarterly earnings data on Friday, May 6th. The restaurant operator reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $74.18 million during the quarter, compared to analyst estimates of $69.97 million. ONE Group Hospitality had a net margin of 8.17% and a return on equity of 36.81%. During the same period last year, the business earned $0.05 EPS. Analysts predict that The ONE Group Hospitality, Inc. will post 0.74 earnings per share for the current fiscal year.

ONE Group Hospitality Profile

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The ONE Group Hospitality, Inc, a hospitality 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.