ONE Group Hospitality (NASDAQ:STKS) Upgraded at Zacks Research

Zacks Research upgraded shares of ONE Group Hospitality (NASDAQ:STKS) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks reports.

Several other brokerages also recently commented on STKS. Piper Sandler lowered their target price on shares of ONE Group Hospitality from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Weiss Ratings raised shares of ONE Group Hospitality from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.00.

ONE Group Hospitality Trading Down 3.2%

Shares of ONE Group Hospitality stock opened at $1.50 on Monday. The stock has a fifty day simple moving average of $1.66 and a 200 day simple moving average of $1.79. ONE Group Hospitality has a 12-month low of $1.50 and a 12-month high of $2.91. The company has a market capitalization of $47.53 million, a P/E ratio of -0.39 and a beta of 1.35.

Institutional Investors Weigh In On ONE Group Hospitality

Several large investors have recently modified their holdings of STKS. Nantahala Capital Management LLC bought a new stake in shares of ONE Group Hospitality in the second quarter valued at approximately $4,263,379. Bank of America Corp DE bought a new position in ONE Group Hospitality in the second quarter valued at $51,000. BlackRock Inc. purchased a new stake in ONE Group Hospitality during the second quarter valued at about $905,000. Finally, Piedmont Capital Management LLC NC bought a new stake in ONE Group Hospitality during the fourth quarter worth about $104,000. Hedge funds and other institutional investors own 29.14% of the company’s stock.

About ONE Group Hospitality

ONE Group Hospitality, Inc is a hospitality company that develops, owns, manages and licenses upscale restaurants and entertainment-focused dining venues. Its portfolio is centered on experiential dining concepts designed to combine food, beverage and nightlife.

The company’s principal brands include STK Steakhouse, an upscale steakhouse concept known for combining traditional steakhouse dining with a lively, contemporary atmosphere, and Kona Grill, which offers American cuisine, sushi, seafood and a full-service bar in a polished casual setting.