The ONE Group Hospitality, Inc. (NASDAQ:STKS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $4.50.

STKS has been the subject of a number of analyst reports. Lake Street Capital decreased their price target on ONE Group Hospitality from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Zacks Research raised shares of ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ONE Group Hospitality in a research report on Thursday, January 22nd.

Hedge Funds Weigh In On ONE Group Hospitality

A number of hedge funds and other institutional investors have recently bought and sold shares of STKS. CastleKnight Management LP increased its position in ONE Group Hospitality by 4.7% during the fourth quarter. CastleKnight Management LP now owns 1,286,991 shares of the restaurant operator’s stock worth $2,252,000 after buying an additional 58,015 shares during the last quarter. Piedmont Capital Management LLC NC acquired a new stake in shares of ONE Group Hospitality in the fourth quarter valued at approximately $104,000. McGowan Group Asset Management Inc. boosted its stake in shares of ONE Group Hospitality by 12.7% during the 4th quarter. McGowan Group Asset Management Inc. now owns 945,000 shares of the restaurant operator’s stock worth $1,654,000 after acquiring an additional 106,665 shares during the period. Bank of America Corp DE increased its holdings in shares of ONE Group Hospitality by 20.8% during the 3rd quarter. Bank of America Corp DE now owns 55,634 shares of the restaurant operator’s stock worth $165,000 after acquiring an additional 9,594 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in ONE Group Hospitality in the 3rd quarter valued at $97,000. Institutional investors own 29.14% of the company’s stock.

ONE Group Hospitality Trading Down 12.5%

ONE Group Hospitality stock opened at $1.96 on Tuesday. The company has a market cap of $60.96 million, a price-to-earnings ratio of -0.53, a P/E/G ratio of 0.26 and a beta of 1.65. The firm has a 50-day moving average of $2.09 and a 200-day moving average of $2.28. The company has a debt-to-equity ratio of 16.52, a current ratio of 0.35 and a quick ratio of 0.29. ONE Group Hospitality has a one year low of $1.70 and a one year high of $5.26.

ONE Group Hospitality Company Profile

ONE Group Hospitality Inc is a full-service hospitality company primarily engaged in the development, ownership and operation of upscale restaurant and lounge concepts. The company’s flagship brand, STK, combines a modern steakhouse menu with a high-energy lounge atmosphere, offering signature cuts of beef, fresh seafood, sushi selections, craft cocktails and an extensive wine program. ONE Group’s concept emphasizes a seamless blend of fine dining and nightlife, catering to guests seeking both culinary excellence and an immersive social experience.

Headquartered in El Segundo, California, ONE Group deploys a mixed model of company-owned and franchised locations across multiple markets.