The ONE Group Hospitality, Inc. (NASDAQ:STKS) Forecasted to Post FY2021 Earnings of $0.54 Per Share

The ONE Group Hospitality, Inc. (NASDAQ:STKS) – Piper Sandler lifted their FY2021 earnings estimates for ONE Group Hospitality in a research report issued to clients and investors on Tuesday, January 11th. Piper Sandler analyst N. Regan now expects that the restaurant operator will earn $0.54 per share for the year, up from their previous forecast of $0.53. Piper Sandler has a “Overweight” rating and a $17.00 price target on the stock.

A number of other research firms have also recently weighed in on STKS. Zacks Investment Research cut ONE Group Hospitality from a “hold” rating to a “sell” rating in a research note on Saturday, November 20th. Wedbush began coverage on ONE Group Hospitality in a research note on Tuesday, January 4th. They issued an “outperform” rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $15.60.

ONE Group Hospitality stock opened at $12.68 on Thursday. ONE Group Hospitality has a 1-year low of $3.65 and a 1-year high of $16.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.88 and a quick ratio of 0.80. The stock has a market cap of $407.13 million, a PE ratio of 21.13 and a beta of 2.55. The stock’s fifty day moving average is $13.26 and its two-hundred day moving average is $11.80.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings data on Thursday, November 4th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). ONE Group Hospitality had a net margin of 8.86% and a return on equity of 35.42%. The company had revenue of $71.87 million during the quarter, compared to analyst estimates of $70.70 million. During the same quarter in the previous year, the business posted $0.02 earnings per share.

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of ONE Group Hospitality by 882.0% during the 2nd quarter. BlackRock Inc. now owns 991,643 shares of the restaurant operator’s stock valued at $10,927,000 after acquiring an additional 890,656 shares during the period. State Street Corp acquired a new stake in shares of ONE Group Hospitality during the 2nd quarter valued at approximately $2,914,000. Vanguard Group Inc. lifted its position in shares of ONE Group Hospitality by 29.4% during the 2nd quarter. Vanguard Group Inc. now owns 999,285 shares of the restaurant operator’s stock valued at $11,012,000 after acquiring an additional 226,839 shares during the period. Royal Bank of Canada lifted its position in shares of ONE Group Hospitality by 176.3% during the 2nd quarter. Royal Bank of Canada now owns 290,087 shares of the restaurant operator’s stock valued at $3,198,000 after acquiring an additional 185,087 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of ONE Group Hospitality by 115.1% during the 2nd quarter. Geode Capital Management LLC now owns 336,072 shares of the restaurant operator’s stock valued at $3,703,000 after acquiring an additional 179,831 shares during the period. 49.48% of the stock is currently owned by institutional investors.

In other ONE Group Hospitality news, Director Eugene M. Bullis acquired 2,500 shares of the stock in a transaction on Tuesday, November 16th. The shares were bought at an average price of $14.86 per share, with a total value of $37,150.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eugene M. Bullis acquired 7,500 shares of the stock in a transaction on Friday, December 17th. The stock was acquired at an average cost of $11.92 per share, for a total transaction of $89,400.00. The disclosure for this purchase can be found here. 23.20% of the stock is currently owned by insiders.

ONE Group Hospitality Company Profile

The ONE Group Hospitality, Inc engages in the development, owning, and management of restaurants and lounges. It operates through the following segments: STK, Kona Grill, ONE Hospitality and Corporate. The STK segment consists of the results of operations from STK restaurant locations, competing in the full-service dining industry, as well as management, license.

Further Reading: Net Income

Earnings History and Estimates for ONE Group Hospitality (NASDAQ:STKS)

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