Wedbush Reduces Earnings Estimates for ONE Group Hospitality

The ONE Group Hospitality, Inc. (NASDAQ:STKS) – Equities researchers at Wedbush reduced their FY2024 EPS estimates for shares of ONE Group Hospitality in a research note issued on Monday, November 11th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of ($0.10) per share for the year, down from their previous forecast of $0.51. Wedbush has a “Neutral” rating and a $3.50 price objective on the stock. The consensus estimate for ONE Group Hospitality’s current full-year earnings is $0.20 per share. Wedbush also issued estimates for ONE Group Hospitality’s Q4 2024 earnings at $0.12 EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at ($0.27) EPS, Q4 2025 earnings at $0.14 EPS and FY2025 earnings at ($0.09) EPS.

Several other brokerages also recently issued reports on STKS. StockNews.com downgraded shares of ONE Group Hospitality from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Stephens restated an “overweight” rating and issued a $9.00 price target on shares of ONE Group Hospitality in a research report on Wednesday, August 7th.

ONE Group Hospitality Stock Performance

NASDAQ STKS opened at $2.98 on Wednesday. The company has a fifty day moving average of $3.51 and a two-hundred day moving average of $4.24. The company has a debt-to-equity ratio of 6.73, a current ratio of 0.52 and a quick ratio of 0.44. ONE Group Hospitality has a 1 year low of $2.96 and a 1 year high of $6.45. The company has a market capitalization of $91.94 million, a PE ratio of -3.73 and a beta of 2.40.

ONE Group Hospitality (NASDAQ:STKS) last posted its earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) EPS for the quarter. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. The company had revenue of $193.98 million during the quarter, compared to analysts’ expectations of $217.95 million.

Institutional Trading of ONE Group Hospitality

Hedge funds and other institutional investors have recently made changes to their positions in the company. Legato Capital Management LLC purchased a new stake in ONE Group Hospitality in the 2nd quarter valued at approximately $45,000. Stoneridge Investment Partners LLC purchased a new stake in shares of ONE Group Hospitality in the third quarter valued at approximately $44,000. GSA Capital Partners LLP acquired a new position in ONE Group Hospitality during the third quarter worth $54,000. Panagora Asset Management Inc. raised its position in ONE Group Hospitality by 79.5% in the second quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock worth $263,000 after acquiring an additional 27,354 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in ONE Group Hospitality by 60.0% in the second quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock valued at $1,308,000 after acquiring an additional 115,394 shares during the period. Hedge funds and other institutional investors own 29.14% of the company’s stock.

ONE Group Hospitality Company Profile

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.