The ONE Group Hospitality, Inc. (NASDAQ:STKS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

The ONE Group Hospitality, Inc. (NASDAQ:STKS) has received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $4.6667.

A number of analysts recently commented on the company. 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 report on Friday, January 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of ONE Group Hospitality in a research report on Thursday, January 22nd. Finally, Zacks Research raised ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st.

ONE Group Hospitality Price Performance

Shares of NASDAQ STKS opened at $1.91 on Friday. The stock has a market cap of $59.40 million, a price-to-earnings ratio of -0.47, a PEG ratio of 0.23 and a beta of 1.62. The company has a debt-to-equity ratio of 16.52, a quick ratio of 0.29 and a current ratio of 0.35. ONE Group Hospitality has a fifty-two week low of $1.66 and a fifty-two week high of $5.26. The firm’s 50-day simple moving average is $2.11 and its 200 day simple moving average is $2.18.

ONE Group Hospitality (NASDAQ:STKS) last issued its quarterly earnings data on Friday, March 13th. The restaurant operator reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.46). The company had revenue of $207.01 million for the quarter, compared to the consensus estimate of $210.28 million. ONE Group Hospitality had a negative return on equity of 460.16% and a negative net margin of 11.45%. As a group, research analysts anticipate that ONE Group Hospitality will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of ONE Group Hospitality

A number of large investors have recently added to or reduced their stakes in the stock. Group One Trading LLC raised its position in ONE Group Hospitality by 18,965.0% in the third quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock worth $56,000 after acquiring an additional 18,965 shares during the period. Empirical Finance LLC bought a new position in shares of ONE Group Hospitality during the 2nd quarter valued at approximately $63,000. Squarepoint Ops LLC bought a new position in shares of ONE Group Hospitality during the 3rd quarter valued at approximately $97,000. Quadrature Capital Ltd purchased a new stake in shares of ONE Group Hospitality during the 2nd quarter worth approximately $100,000. Finally, Bank of America Corp DE increased its stake in shares of ONE Group Hospitality by 18.7% during the 4th quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 5,477 shares during the last quarter. Hedge funds and other institutional investors own 29.14% of the company’s stock.

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.