Stephens Reiterates Overweight Rating for ONE Group Hospitality (NASDAQ:STKS)

Stephens reiterated their overweight rating on shares of ONE Group Hospitality (NASDAQ:STKS) in a research report released on Thursday morning, Benzinga reports. They currently have a $9.00 target price on the restaurant operator’s stock.

A number of other research analysts also recently issued reports on STKS. StockNews.com upgraded ONE Group Hospitality from a sell rating to a hold rating in a report on Friday, April 12th. Lake Street Capital reduced their target price on ONE Group Hospitality from $11.00 to $8.00 and set a buy rating on the stock in a research note on Friday, March 15th. Finally, Wedbush reaffirmed a neutral rating and issued a $5.00 price target on shares of ONE Group Hospitality in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $7.33.

ONE Group Hospitality Price Performance

Shares of NASDAQ STKS opened at $5.11 on Thursday. The firm’s fifty day moving average is $4.75 and its 200 day moving average is $4.82. ONE Group Hospitality has a 52 week low of $3.21 and a 52 week high of $8.02. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.05. The company has a market cap of $159.99 million, a price-to-earnings ratio of 34.07 and a beta of 2.42.

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

Insider Buying and Selling at ONE Group Hospitality

In other news, insider David Kanen bought 191,585 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $3.75 per share, with a total value of $718,443.75. Following the transaction, the insider now owns 313,139 shares of the company’s stock, valued at $1,174,271.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 19.70% of the company’s stock.

Institutional Trading of ONE Group Hospitality

A number of hedge funds have recently modified their holdings of the business. Simplex Trading LLC bought a new position in shares of ONE Group Hospitality in the 4th quarter worth about $75,000. Barclays PLC increased its stake in shares of ONE Group Hospitality by 350.1% during the third quarter. Barclays PLC now owns 20,676 shares of the restaurant operator’s stock valued at $114,000 after purchasing an additional 16,082 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of ONE Group Hospitality by 124.8% during the first quarter. GSA Capital Partners LLP now owns 104,257 shares of the restaurant operator’s stock valued at $581,000 after purchasing an additional 57,878 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of ONE Group Hospitality by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 139,018 shares of the restaurant operator’s stock valued at $765,000 after purchasing an additional 2,592 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its position in shares of ONE Group Hospitality by 1.1% in the 3rd quarter. Rice Hall James & Associates LLC now owns 265,953 shares of the restaurant operator’s stock worth $1,463,000 after purchasing an additional 2,909 shares in the last quarter. Institutional investors own 29.14% of the company’s stock.

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.