Ridgewood Investments LLC boosted its holdings in One Group Hospitality Inc (NASDAQ:STKS) by 24.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,049 shares of the restaurant operator’s stock after acquiring an additional 12,049 shares during the quarter. Ridgewood Investments LLC’s holdings in One Group Hospitality were worth $226,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners bought a new position in One Group Hospitality in the 3rd quarter valued at about $219,000. BlackRock Inc. lifted its position in One Group Hospitality by 122.9% in the 2nd quarter. BlackRock Inc. now owns 86,679 shares of the restaurant operator’s stock valued at $278,000 after acquiring an additional 47,797 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in One Group Hospitality by 84.0% in the 2nd quarter. Vanguard Group Inc. now owns 713,107 shares of the restaurant operator’s stock valued at $2,282,000 after acquiring an additional 325,536 shares in the last quarter. 4.79% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ STKS opened at $3.95 on Thursday. One Group Hospitality Inc has a fifty-two week low of $2.40 and a fifty-two week high of $4.00. The stock has a market cap of $113.94 million, a price-to-earnings ratio of 32.92 and a beta of 0.77. The company has a debt-to-equity ratio of 4.84, a quick ratio of 0.76 and a current ratio of 0.87. The firm’s 50-day simple moving average is $3.42 and its 200 day simple moving average is $3.10.
One Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings results on Thursday, November 7th. The restaurant operator reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). One Group Hospitality had a net margin of 4.41% and a return on equity of 36.67%. The business had revenue of $22.11 million during the quarter, compared to the consensus estimate of $21.90 million. On average, sell-side analysts predict that One Group Hospitality Inc will post 0.19 EPS for the current year.
STKS has been the topic of several recent research reports. Lake Street Capital reaffirmed a “buy” rating and issued a $5.00 price target on shares of One Group Hospitality in a research report on Monday, December 30th. ValuEngine raised shares of One Group Hospitality from a “sell” rating to a “hold” rating in a research report on Monday, December 30th. Finally, Zacks Investment Research raised shares of One Group Hospitality from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $4.25.
About One Group Hospitality
The ONE Group Hospitality, Inc, a hospitality company, develops, owns, and operates restaurants and lounges worldwide. It operates in three segments: Owned Restaurants; Owned Food, Beverage and Other; and Managed and Licensed Operations. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.
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