Wedbush Has Bearish Estimate for STKS FY2024 Earnings

The ONE Group Hospitality, Inc. (NASDAQ:STKS) – Research analysts at Wedbush decreased their FY2024 earnings per share (EPS) estimates for shares of ONE Group Hospitality in a research report issued on Monday, November 11th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will earn ($0.10) per share for the year, down from their prior forecast of $0.51. Wedbush currently has a “Neutral” rating and a $3.50 price objective on the stock. The consensus estimate for ONE Group Hospitality’s current full-year earnings is $0.20 per share. Wedbush also issued estimates for ONE Group Hospitality’s Q4 2024 earnings at $0.12 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.

Several other analysts also recently weighed in on the company. StockNews.com downgraded ONE Group Hospitality from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Stephens restated an “overweight” rating and set a $9.00 target price on shares of ONE Group Hospitality in a research note on Wednesday, August 7th.

ONE Group Hospitality Trading Up 0.6 %

NASDAQ:STKS opened at $3.10 on Wednesday. The business’s 50-day moving average is $3.51 and its two-hundred day moving average is $4.24. The company has a debt-to-equity ratio of 6.73, a current ratio of 0.52 and a quick ratio of 0.44. The firm has a market capitalization of $95.65 million, a PE 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.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings data on Thursday, November 7th. The restaurant operator reported ($0.30) EPS for the quarter. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. The company had revenue of $193.98 million during the quarter, compared to analysts’ expectations of $217.95 million.

Institutional Investors Weigh In On ONE Group Hospitality

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of ONE Group Hospitality by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,473,534 shares of the restaurant operator’s stock valued at $8,208,000 after acquiring an additional 9,267 shares during the last quarter. Legato Capital Management LLC acquired a new stake in shares of ONE Group Hospitality during the 2nd quarter valued at $45,000. Meros Investment Management LP lifted its position in shares of 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 acquiring an additional 10,954 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new stake in ONE Group Hospitality during the 3rd quarter valued at $44,000. Finally, GSA Capital Partners LLP acquired a new stake in ONE Group Hospitality during the 3rd quarter valued at $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.