ONE Group Hospitality (NASDAQ:STKS) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of ONE Group Hospitality (NASDAQ:STKSFree Report) from a hold rating to a sell rating in a research note released on Friday morning.

Several other equities research analysts also recently weighed in on STKS. Lake Street Capital reduced their price objective on shares of ONE Group Hospitality from $11.00 to $8.00 and set a buy rating for the company in a report on Friday, March 15th. Wedbush reaffirmed a neutral rating and issued a $5.00 price objective on shares of ONE Group Hospitality in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $7.33.

View Our Latest Report on ONE Group Hospitality

ONE Group Hospitality Stock Performance

Shares of STKS opened at $5.61 on Friday. ONE Group Hospitality has a 1 year low of $3.21 and a 1 year high of $9.06. The company has a market cap of $175.49 million, a price-to-earnings ratio of 37.37 and a beta of 2.46. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.70 and a current ratio of 0.80. The firm has a fifty day moving average of $4.12 and a 200-day moving average of $4.79.

ONE Group Hospitality (NASDAQ:STKSGet Free Report) last announced its quarterly earnings results on Thursday, March 14th. The restaurant operator reported $0.17 earnings per share (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 company had revenue of $89.94 million during the quarter, compared to the consensus estimate of $96.98 million. As a group, equities analysts anticipate 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 ONE Group Hospitality news, insider David Kanen purchased 73,733 shares of the business’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $4.21 per share, with a total value of $310,415.93. Following the acquisition, the insider now owns 386,872 shares of the company’s stock, valued at $1,628,731.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.80% of the stock is owned by corporate insiders.

Institutional Trading of ONE Group Hospitality

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kanen Wealth Management LLC purchased a new stake in shares of ONE Group Hospitality in the second quarter worth approximately $32,712,000. Vanguard Group Inc. boosted its position in shares of ONE Group Hospitality by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 1,464,267 shares of the restaurant operator’s stock valued at $8,961,000 after acquiring an additional 13,202 shares in the last quarter. BlackRock Inc. boosted its position in shares of ONE Group Hospitality by 23.4% during the 2nd quarter. BlackRock Inc. now owns 1,417,777 shares of the restaurant operator’s stock valued at $10,378,000 after acquiring an additional 268,642 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of ONE Group Hospitality by 30.8% during the 4th quarter. First Eagle Investment Management LLC now owns 891,097 shares of the restaurant operator’s stock valued at $5,454,000 after acquiring an additional 209,985 shares in the last quarter. Finally, CastleKnight Management LP boosted its position in shares of ONE Group Hospitality by 5.0% during the 2nd quarter. CastleKnight Management LP now owns 835,612 shares of the restaurant operator’s stock valued at $6,117,000 after acquiring an additional 39,518 shares in the last quarter. Institutional investors and hedge funds own 29.14% of the company’s stock.

About ONE Group Hospitality

(Get Free Report)

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.

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