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

StockNews.com upgraded shares of ONE Group Hospitality (NASDAQ:STKS – Get Rating) from a hold rating to a buy rating in a report released on Wednesday morning.

Several other equities research analysts also recently weighed in on STKS. Lake Street Capital reduced their price objective on shares of ONE Group Hospitality from $16.00 to $14.00 in a report on Friday, March 10th. Stephens reduced their price objective on shares of ONE Group Hospitality from $15.00 to $12.00 and set an overweight rating for the company in a report on Friday, March 10th. Finally, Wedbush upped their price target on shares of ONE Group Hospitality from $6.50 to $9.50 and gave the company a neutral rating in a report on Friday, March 10th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $12.13.

ONE Group Hospitality Stock Performance

STKS stock opened at $8.00 on Wednesday. The company has a market capitalization of $253.12 million, a P/E ratio of 20.00 and a beta of 2.23. The company has a 50-day simple moving average of $8.01 and a 200 day simple moving average of $7.12. ONE Group Hospitality has a fifty-two week low of $4.91 and a fifty-two week high of $11.64. The company has a quick ratio of 1.59, a current ratio of 1.72 and a debt-to-equity ratio of 1.03.

Institutional Investors Weigh In On ONE Group Hospitality

A number of institutional investors and hedge funds have recently bought and sold shares of STKS. MetLife Investment Management LLC purchased a new stake in ONE Group Hospitality during the fourth quarter valued at about $77,000. Meros Investment Management LP lifted its stake in ONE Group Hospitality by 111.8% during the fourth quarter. Meros Investment Management LP now owns 323,965 shares of the restaurant operator’s stock valued at $2,041,000 after buying an additional 170,982 shares in the last quarter. Susquehanna International Group LLP lifted its stake in ONE Group Hospitality by 61.0% during the fourth quarter. Susquehanna International Group LLP now owns 166,536 shares of the restaurant operator’s stock valued at $1,049,000 after buying an additional 63,111 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in ONE Group Hospitality by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 59,436 shares of the restaurant operator’s stock valued at $374,000 after buying an additional 1,658 shares in the last quarter. Finally, Barclays PLC lifted its stake in ONE Group Hospitality by 533.2% during the fourth quarter. Barclays PLC now owns 6,060 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 5,103 shares in the last quarter. 39.87% of the stock is owned by institutional investors and hedge funds.

ONE Group Hospitality Company Profile

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The ONE Group Hospitality, Inc engages in the development, owning, and management of restaurants and lounges. It operates through the following segments: STK, Kona Grill, ONE Hospitality and Corporate. The STK segment consists of the results of operations from STK restaurant locations, competing in the full-service dining industry, as well as management, license.