ONE Group Hospitality (NASDAQ:STKS – Get Free Report) is expected to release its earnings data before the market opens on Thursday, March 13th. Analysts expect ONE Group Hospitality to post earnings of $0.30 per share and revenue of $217.71 million for the quarter.
ONE Group Hospitality Stock Up 4.0 %
Shares of STKS opened at $3.10 on Thursday. The company has a 50-day simple moving average of $3.25 and a 200-day simple moving average of $3.37. The firm has a market capitalization of $95.65 million, a P/E ratio of -3.88 and a beta of 2.42. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52. ONE Group Hospitality has a 52 week low of $2.68 and a 52 week high of $6.10.
Wall Street Analysts Forecast Growth
STKS has been the topic of a number of analyst reports. Stephens reissued an “overweight” rating and issued a $6.00 target price on shares of ONE Group Hospitality in a research note on Monday, January 13th. Wedbush lowered their target price on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, November 11th.
Institutional Trading of ONE Group Hospitality
An institutional investor recently raised its position in ONE Group Hospitality stock. Bank of America Corp DE grew its position in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS – Free Report) by 18.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,782 shares of the restaurant operator’s stock after buying an additional 5,477 shares during the quarter. Bank of America Corp DE owned approximately 0.11% of ONE Group Hospitality worth $101,000 as of its most recent filing with the Securities and Exchange Commission. 29.14% of the stock is owned by 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.
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