ONE Group Hospitality (NASDAQ:STKS) Upgraded by Zacks Investment Research to Hold

ONE Group Hospitality (NASDAQ:STKS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday, Zacks.com reports.

According to Zacks, “The ONE Group Hospitality, Inc. operates as a hospitality company. The Company develops, manages and operates a portfolio of high-energy restaurants, lounges and bars. It also provides food and beverage hospitality solutions. The Company’s primary restaurant brand is STK, which is a steakhouse concept with locations in metropolitan cities throughout the United States and in London. It provides ONE Hospitality, a signature turn-key food and beverage service for hospitality venues including, hotels, casinos and other high-end locations both nationally and internationally. The ONE Group Hospitality, Inc. is headquartered in New York. “

Other analysts have also recently issued reports about the stock. Wedbush assumed coverage on shares of ONE Group Hospitality in a research note on Tuesday, January 4th. They set an “outperform” rating and a $20.00 price target on the stock. Piper Sandler upgraded shares of ONE Group Hospitality from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $12.00 to $17.00 in a report on Monday, September 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $15.60.

STKS opened at $12.68 on Friday. ONE Group Hospitality has a one year low of $3.65 and a one 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 company’s 50 day simple moving average is $13.26 and its 200-day simple moving average is $11.80. The stock has a market capitalization of $407.13 million, a P/E ratio of 21.13 and a beta of 2.55.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings results on Thursday, November 4th. The restaurant operator reported $0.11 EPS for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $70.70 million. During the same period last year, the company earned $0.02 earnings per share. As a group, analysts anticipate that ONE Group Hospitality will post 0.57 EPS for the current year.

In other ONE Group Hospitality news, CEO Emanuel N. Hilario sold 25,985 shares of the stock in a transaction on Friday, November 12th. The shares were sold at an average price of $16.25, for a total value of $422,256.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Christi Hing sold 2,208 shares of the stock in a transaction on Tuesday, November 9th. The stock was sold at an average price of $15.28, for a total transaction of $33,738.24. The disclosure for this sale can be found here. Corporate insiders own 23.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hillsdale Investment Management Inc. raised its holdings in ONE Group Hospitality by 0.3% in the third quarter. Hillsdale Investment Management Inc. now owns 360,947 shares of the restaurant operator’s stock worth $3,859,000 after purchasing an additional 1,100 shares during the period. Citigroup Inc. raised its holdings in shares of ONE Group Hospitality by 169.0% during the third quarter. Citigroup Inc. now owns 2,502 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 1,572 shares during the period. Advisor Group Holdings Inc. raised its holdings in shares of ONE Group Hospitality by 170.0% during the third quarter. Advisor Group Holdings Inc. now owns 2,700 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 1,700 shares during the period. American Century Companies Inc. raised its holdings in shares of ONE Group Hospitality by 10.6% during the third quarter. American Century Companies Inc. now owns 22,454 shares of the restaurant operator’s stock worth $240,000 after acquiring an additional 2,158 shares during the period. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of ONE Group Hospitality by 427.6% during the third quarter. BNP Paribas Arbitrage SA now owns 3,973 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 3,220 shares during the period. Institutional investors own 49.48% of the company’s stock.

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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