ONE Group Hospitality’s (STKS) Neutral Rating Reaffirmed at Wedbush

Wedbush restated their neutral rating on shares of ONE Group Hospitality (NASDAQ:STKS) in a research report released on Tuesday,Benzinga reports. They currently have a $3.50 price target on the restaurant operator’s stock.

Separately, Stephens reaffirmed an “overweight” rating and set a $6.00 price objective on shares of ONE Group Hospitality in a research report on Monday, January 13th.

ONE Group Hospitality Stock Down 11.5 %

NASDAQ STKS opened at $2.54 on Tuesday. ONE Group Hospitality has a one year low of $2.52 and a one year high of $6.10. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52. The business has a fifty day moving average price of $3.25 and a 200 day moving average price of $3.34. The company has a market cap of $78.37 million, a P/E ratio of -3.18 and a beta of 2.46.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings results on Monday, March 10th. The restaurant operator reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.33). The company had revenue of $221.88 million during the quarter, compared to analyst estimates of $217.71 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. Research analysts anticipate that ONE Group Hospitality will post -0.18 EPS for the current fiscal year.

Institutional Trading of ONE Group Hospitality

A number of institutional investors have recently bought and sold shares of the business. McGowan Group Asset Management Inc. acquired a new stake in ONE Group Hospitality during the 4th quarter worth $2,204,000. Nantahala Capital Management LLC increased its position in shares of ONE Group Hospitality by 23.9% during the fourth quarter. Nantahala Capital Management LLC now owns 2,087,394 shares of the restaurant operator’s stock worth $6,053,000 after purchasing an additional 403,321 shares in the last quarter. CastleKnight Management LP lifted its holdings in shares of ONE Group Hospitality by 9.4% in the 4th quarter. CastleKnight Management LP now owns 1,172,074 shares of the restaurant operator’s stock valued at $3,399,000 after purchasing an additional 100,300 shares during the last quarter. Repertoire Partners LP acquired a new stake in shares of ONE Group Hospitality in the 4th quarter valued at about $221,000. Finally, JPMorgan Chase & Co. grew its stake in ONE Group Hospitality by 430.8% during the 4th quarter. JPMorgan Chase & Co. now owns 83,411 shares of the restaurant operator’s stock worth $242,000 after buying an additional 67,698 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.