ONE Group Hospitality (NASDAQ:STKS) Given Neutral Rating at Wedbush

Wedbush restated their neutral rating on shares of ONE Group Hospitality (NASDAQ:STKS) in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a $5.00 price target on the restaurant operator’s stock.

STKS has been the topic of a number of other research reports. Lake Street Capital decreased their target price on shares of ONE Group Hospitality from $11.00 to $8.00 and set a buy rating on the stock in a research report on Friday, March 15th. StockNews.com raised shares of ONE Group Hospitality from a sell rating to a hold rating in a research note on Monday, March 18th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, ONE Group Hospitality presently has a consensus rating of Moderate Buy and an average price target of $7.33.

ONE Group Hospitality Trading Up 26.4 %

Shares of STKS opened at $5.07 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.05. The firm’s 50-day moving average is $4.07 and its two-hundred day moving average is $4.83. ONE Group Hospitality has a twelve month low of $3.21 and a twelve month high of $9.06. The firm has a market capitalization of $158.74 million, a P/E ratio of 33.80 and a beta of 2.42.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings results on Thursday, March 14th. The restaurant operator reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. ONE Group Hospitality had a net margin of 1.42% and a return on equity of 11.66%. The business had revenue of $89.94 million for the quarter, compared to analyst estimates of $96.98 million. On average, research analysts predict that ONE Group Hospitality will post 0.2 earnings per share for the current fiscal year.

Insider Activity

In other ONE Group Hospitality news, insider David Kanen bought 191,585 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $3.75 per share, with a total value of $718,443.75. Following the purchase, the insider now owns 313,139 shares in the company, valued at approximately $1,174,271.25. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 19.80% of the company’s stock.

Hedge Funds Weigh In On ONE Group Hospitality

A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in ONE Group Hospitality by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 95,783 shares of the restaurant operator’s stock valued at $1,007,000 after purchasing an additional 2,039 shares in the last quarter. American Century Companies Inc. grew its holdings in ONE Group Hospitality by 19.9% during the 1st quarter. American Century Companies Inc. now owns 37,952 shares of the restaurant operator’s stock valued at $399,000 after purchasing an additional 6,305 shares in the last quarter. MetLife Investment Management LLC grew its holdings in ONE Group Hospitality by 56.3% during the 1st quarter. MetLife Investment Management LLC now owns 12,015 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 4,326 shares in the last quarter. Rhumbline Advisers grew its holdings in ONE Group Hospitality by 35.2% during the 1st quarter. Rhumbline Advisers now owns 14,589 shares of the restaurant operator’s stock worth $153,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in ONE Group Hospitality by 47.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 169,003 shares of the restaurant operator’s stock worth $1,776,000 after acquiring an additional 54,586 shares in the last quarter. Hedge funds and other institutional investors 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.