Wedbush Cuts ONE Group Hospitality (NASDAQ:STKS) Price Target to $3.50

ONE Group Hospitality (NASDAQ:STKS) had its price objective decreased by Wedbush from $5.00 to $3.50 in a research note released on Monday morning,Benzinga reports. Wedbush currently has a neutral rating on the restaurant operator’s stock. Wedbush also issued estimates for ONE Group Hospitality’s Q4 2024 earnings at $0.12 EPS, FY2024 earnings at ($0.10) EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at ($0.27) EPS, Q4 2025 earnings at $0.14 EPS and FY2025 earnings at ($0.09) EPS.

Other analysts have also issued research reports about the stock. Stephens restated an “overweight” rating and set a $9.00 price target on shares of ONE Group Hospitality in a research report on Wednesday, August 7th. StockNews.com lowered shares of ONE Group Hospitality from a “hold” rating to a “sell” rating in a research report on Friday, August 9th.

ONE Group Hospitality Trading Up 0.6 %

NASDAQ STKS opened at $3.10 on Monday. The stock has a market cap of $95.65 million, a P/E ratio of -3.88 and a beta of 2.40. ONE Group Hospitality has a 12-month low of $3.03 and a 12-month high of $6.45. The company has a fifty day simple moving average of $3.51 and a two-hundred day simple moving average of $4.24. 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 released its quarterly earnings data on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share for the quarter. The business had revenue of $193.98 million during the quarter, compared to analyst estimates of $217.95 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. On average, analysts forecast that ONE Group Hospitality will post 0.2 earnings per share for the current year.

Institutional Trading of ONE Group Hospitality

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of ONE Group Hospitality by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,473,534 shares of the restaurant operator’s stock valued at $8,208,000 after purchasing an additional 9,267 shares during the period. Legato Capital Management LLC purchased a new position in shares of ONE Group Hospitality in the second quarter worth about $45,000. Meros Investment Management LP lifted its stake in shares of ONE Group Hospitality by 1.6% in the second quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock worth $2,960,000 after buying an additional 10,954 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of ONE Group Hospitality in the third quarter worth about $44,000. Finally, GSA Capital Partners LLP purchased a new position in shares of ONE Group Hospitality in the third quarter worth about $54,000. Institutional investors and hedge funds own 29.14% of the company’s stock.

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.