ONE Group Hospitality (NASDAQ:STKS) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of ONE Group Hospitality (NASDAQ:STKS) from a sell rating to a hold rating in a research report released on Friday morning.

Other analysts have also recently issued research reports about the stock. Noble Financial upgraded shares of ONE Group Hospitality to a “strong-buy” rating in a research note on Wednesday, April 23rd. Wedbush reaffirmed a “neutral” rating and issued a $3.50 price objective on shares of ONE Group Hospitality in a report on Tuesday, March 11th. Northcoast Research started coverage on ONE Group Hospitality in a research note on Friday, April 11th. They issued a “buy” rating and a $5.00 price target for the company. Finally, Stephens reduced their price objective on shares of ONE Group Hospitality from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ONE Group Hospitality currently has an average rating of “Moderate Buy” and an average price target of $4.50.

ONE Group Hospitality Price Performance

Shares of NASDAQ STKS opened at $3.78 on Friday. The business’s 50 day moving average is $2.90 and its 200-day moving average is $3.13. The firm has a market cap of $117.28 million, a P/E ratio of -4.73 and a beta of 1.97. ONE Group Hospitality has a 1-year low of $2.37 and a 1-year high of $6.10. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 6.73.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings data on Tuesday, May 6th. The restaurant operator reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.32. The firm had revenue of $211.13 million for the quarter, compared to analysts’ expectations of $202.87 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. Equities research analysts predict that ONE Group Hospitality will post -0.18 earnings per share for the current year.

Insider Activity at ONE Group Hospitality

In other news, CFO Tyler Loy acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average price of $2.55 per share, with a total value of $25,500.00. Following the acquisition, the chief financial officer now directly owns 220,246 shares in the company, valued at $561,627.30. The trade was a 4.76 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 25.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ONE Group Hospitality

Several large investors have recently bought and sold shares of STKS. Wells Fargo & Company MN increased its stake in shares of 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 buying an additional 3,316 shares during the period. XTX Topco Ltd acquired a new position in ONE Group Hospitality in the 4th quarter valued at approximately $35,000. Stoneridge Investment Partners LLC raised its stake in shares of ONE Group Hospitality by 22.6% during the fourth quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 2,684 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of ONE Group Hospitality by 53.8% during the third quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 5,497 shares during the period. Finally, Magnus Financial Group LLC bought a new stake in shares of ONE Group Hospitality in the fourth quarter worth $72,000. 29.14% of the stock is currently owned by 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.