ONE Group Hospitality’s (STKS) Overweight Rating Reaffirmed at Stephens

Stephens reissued their overweight rating on shares of ONE Group Hospitality (NASDAQ:STKS) in a report published on Monday,Benzinga reports. The firm currently has a $6.00 price target on the restaurant operator’s stock.

Separately, Wedbush reduced their price objective on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, November 11th.

ONE Group Hospitality Trading Up 8.8 %

NASDAQ:STKS opened at $3.09 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 6.73. The company has a fifty day moving average of $3.12 and a 200 day moving average of $3.63. The firm has a market capitalization of $95.34 million, a P/E ratio of -3.86 and a beta of 2.38. ONE Group Hospitality has a 52 week low of $2.68 and a 52 week high of $6.10.

ONE Group Hospitality (NASDAQ:STKS) last issued its quarterly earnings data on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share (EPS) for the quarter. The company had revenue of $193.98 million for the quarter, compared to analysts’ expectations of $217.95 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. On average, research analysts predict that ONE Group Hospitality will post 0.04 earnings per share for the current year.

Institutional Trading of ONE Group Hospitality

A number of hedge funds and other institutional investors have recently modified their holdings of STKS. Nantahala Capital Management LLC grew its position in ONE Group Hospitality by 119.6% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock valued at $5,111,000 after purchasing an additional 654,818 shares during the last quarter. Meros Investment Management LP grew its position in ONE Group Hospitality by 1.6% during the 2nd quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock valued at $2,960,000 after purchasing an additional 10,954 shares during the last quarter. American Century Companies Inc. grew its position in ONE Group Hospitality by 60.0% during the 2nd quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock valued at $1,308,000 after purchasing an additional 115,394 shares during the last quarter. Zacks Investment Management grew its position in ONE Group Hospitality by 10.0% during the 3rd quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock valued at $883,000 after purchasing an additional 21,855 shares during the last quarter. Finally, Barclays PLC grew its position in ONE Group Hospitality by 94.4% during the 3rd quarter. Barclays PLC now owns 46,508 shares of the restaurant operator’s stock valued at $171,000 after purchasing an additional 22,580 shares during the last quarter. 29.14% of the stock is owned by hedge funds and other 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.