$0.21 Earnings Per Share Expected for The ONE Group Hospitality, Inc. (NASDAQ:STKS) This Quarter

Equities analysts expect that The ONE Group Hospitality, Inc. (NASDAQ:STKS) will report $0.21 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for ONE Group Hospitality’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.18. ONE Group Hospitality posted earnings of $0.02 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 950%. The firm is expected to announce its next quarterly earnings report on Friday, March 18th.

On average, analysts expect that ONE Group Hospitality will report full year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.54 to $0.60. For the next fiscal year, analysts expect that the business will post earnings of $0.75 per share, with EPS estimates ranging from $0.72 to $0.78. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover ONE Group Hospitality.

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

Several brokerages have recently commented on STKS. Piper Sandler upgraded ONE Group Hospitality from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $12.00 to $17.00 in a report on Monday, September 20th. Zacks Investment Research lowered ONE Group Hospitality from a “hold” rating to a “sell” rating in a research note on Saturday, November 20th. Finally, Wedbush initiated coverage on ONE Group Hospitality in a research note on Tuesday, January 4th. They issued an “outperform” rating and a $20.00 target price on the stock. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ONE Group Hospitality currently has a consensus rating of “Buy” and a consensus target price of $15.60.

In other news, Director Eugene M. Bullis acquired 7,500 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eugene M. Bullis acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 16th. The shares were purchased at an average price of $14.86 per share, with a total value of $37,150.00. The disclosure for this purchase can be found here. Company insiders own 23.20% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in ONE Group Hospitality by 882.0% in the second quarter. BlackRock Inc. now owns 991,643 shares of the restaurant operator’s stock valued at $10,927,000 after purchasing an additional 890,656 shares in the last quarter. State Street Corp bought a new position in ONE Group Hospitality in the second quarter valued at approximately $2,914,000. Vanguard Group Inc. grew its stake in ONE Group Hospitality by 29.4% in the second quarter. Vanguard Group Inc. now owns 999,285 shares of the restaurant operator’s stock valued at $11,012,000 after purchasing an additional 226,839 shares in the last quarter. Royal Bank of Canada grew its stake in ONE Group Hospitality by 176.3% in the second quarter. Royal Bank of Canada now owns 290,087 shares of the restaurant operator’s stock valued at $3,198,000 after purchasing an additional 185,087 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in ONE Group Hospitality by 115.1% in the second quarter. Geode Capital Management LLC now owns 336,072 shares of the restaurant operator’s stock valued at $3,703,000 after purchasing an additional 179,831 shares in the last quarter. Institutional investors and hedge funds own 49.48% of the company’s stock.

Shares of STKS stock traded down $0.18 during trading hours on Friday, hitting $12.55. 1,719 shares of the company’s stock were exchanged, compared to its average volume of 134,388. The stock’s 50-day moving average is $13.31 and its 200-day moving average is $11.79. 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 $402.96 million, a price-to-earnings ratio of 21.22 and a beta of 2.55. ONE Group Hospitality has a 52 week low of $3.65 and a 52 week high of $16.44.

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.

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

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