Stephens Issues Pessimistic Forecast for ONE Group Hospitality (NASDAQ:STKS) Stock Price

ONE Group Hospitality (NASDAQ:STKS) had its price objective dropped by analysts at Stephens from $6.00 to $5.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the restaurant operator’s stock. Stephens’ target price would suggest a potential upside of 97.63% from the company’s current price.

Separately, Wedbush reiterated a “neutral” rating and issued a $3.50 price objective on shares of ONE Group Hospitality in a report on Tuesday.

ONE Group Hospitality Trading Down 0.4 %

STKS stock opened at $2.53 on Tuesday. The company has a market cap of $78.06 million, a P/E ratio of -3.16 and a beta of 2.46. ONE Group Hospitality has a twelve month low of $2.48 and a twelve month high of $6.10. 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 business has a fifty day moving average of $3.24 and a 200-day moving average of $3.33.

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

Institutional Investors Weigh In On ONE Group Hospitality

Several large investors have recently modified their holdings of the business. Repertoire Partners LP bought a new stake in shares of ONE Group Hospitality in the fourth quarter worth about $221,000. McGowan Group Asset Management Inc. acquired a new position in shares of ONE Group Hospitality during the fourth quarter worth about $2,204,000. Deutsche Bank AG boosted its position in shares of ONE Group Hospitality by 839.5% during the fourth quarter. Deutsche Bank AG now owns 69,108 shares of the restaurant operator’s stock worth $200,000 after buying an additional 61,752 shares during the period. CastleKnight Management LP boosted its position in shares of ONE Group Hospitality by 9.4% during the fourth quarter. CastleKnight Management LP now owns 1,172,074 shares of the restaurant operator’s stock worth $3,399,000 after buying an additional 100,300 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of ONE Group Hospitality by 18.7% during the fourth quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock worth $101,000 after buying an additional 5,477 shares during the period. 29.14% of the stock is currently owned by institutional investors.

About ONE Group Hospitality

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.