ONE Group Hospitality (NASDAQ:STKS) Upgraded to Hold by StockNews.com

ONE Group Hospitality (NASDAQ:STKS) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

STKS has been the topic of a number of other reports. Stephens initiated coverage on ONE Group Hospitality in a report on Friday. They set an “overweight” rating and a $9.00 target price on the stock. Wedbush reaffirmed a “neutral” rating and set a $5.00 target price on shares of ONE Group Hospitality in a report on Wednesday, March 27th. Finally, Lake Street Capital lowered their target price on ONE Group Hospitality from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, March 15th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.33.

ONE Group Hospitality Stock Performance

Shares of STKS traded down $0.23 during trading hours on Friday, reaching $5.45. 202,058 shares of the company’s stock traded hands, compared to its average volume of 180,675. The firm has a market capitalization of $170.64 million, a price-to-earnings ratio of 36.33 and a beta of 2.46. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.80 and a quick ratio of 0.70. ONE Group Hospitality has a twelve month low of $3.21 and a twelve month high of $9.05. The business’s fifty day simple moving average is $4.35 and its two-hundred day simple moving average is $4.79.

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

Insider Activity

In related news, insider David Kanen purchased 73,733 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $4.21 per share, with a total value of $310,415.93. Following the purchase, the insider now directly owns 386,872 shares in the company, valued at $1,628,731.12. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.30% of the stock is owned by corporate insiders.

Institutional Trading of ONE Group Hospitality

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of ONE Group Hospitality by 23.4% during the second quarter. BlackRock Inc. now owns 1,417,777 shares of the restaurant operator’s stock worth $10,378,000 after acquiring an additional 268,642 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in ONE Group Hospitality by 30.8% in the fourth quarter. First Eagle Investment Management LLC now owns 891,097 shares of the restaurant operator’s stock valued at $5,454,000 after purchasing an additional 209,985 shares during the last quarter. Meros Investment Management LP increased its holdings in ONE Group Hospitality by 111.8% in the fourth quarter. Meros Investment Management LP now owns 323,965 shares of the restaurant operator’s stock valued at $2,041,000 after purchasing an additional 170,982 shares during the last quarter. Gilder Gagnon Howe & Co. LLC bought a new stake in ONE Group Hospitality in the first quarter valued at about $1,245,000. Finally, Dimensional Fund Advisors LP increased its holdings in ONE Group Hospitality by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 475,186 shares of the restaurant operator’s stock valued at $3,478,000 after purchasing an additional 107,056 shares during the last quarter. Institutional investors and hedge funds 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.