Ridgewood Investments LLC boosted its holdings in shares of One Group Hospitality Inc (NASDAQ:STKS) by 24.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,049 shares of the restaurant operator’s stock after purchasing an additional 12,049 shares during the period. Ridgewood Investments LLC owned about 0.21% of One Group Hospitality worth $226,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Boston Partners bought a new position in shares of One Group Hospitality in the 3rd quarter valued at $219,000. BlackRock Inc. lifted its stake in shares of One Group Hospitality by 122.9% in the 2nd quarter. BlackRock Inc. now owns 86,679 shares of the restaurant operator’s stock valued at $278,000 after acquiring an additional 47,797 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of One Group Hospitality by 84.0% in the 2nd quarter. Vanguard Group Inc. now owns 713,107 shares of the restaurant operator’s stock valued at $2,282,000 after acquiring an additional 325,536 shares during the last quarter. Hedge funds and other institutional investors own 4.79% of the company’s stock.
A number of research analysts have recently commented on the company. Lake Street Capital reiterated a “buy” rating and issued a $5.00 price target on shares of One Group Hospitality in a research note on Monday, December 30th. Zacks Investment Research upgraded One Group Hospitality from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research note on Tuesday, November 12th. Finally, ValuEngine upgraded One Group Hospitality from a “sell” rating to a “hold” rating in a research note on Monday, December 30th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $4.25.
Shares of NASDAQ:STKS opened at $3.95 on Thursday. The firm has a market cap of $113.94 million, a P/E ratio of 32.92 and a beta of 0.77. The company has a quick ratio of 0.76, a current ratio of 0.87 and a debt-to-equity ratio of 4.84. One Group Hospitality Inc has a 12-month low of $2.40 and a 12-month high of $4.00. The business has a fifty day simple moving average of $3.42 and a 200 day simple moving average of $3.10.
One Group Hospitality (NASDAQ:STKS) last announced its earnings results on Thursday, November 7th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). The company had revenue of $22.11 million for the quarter, compared to the consensus estimate of $21.90 million. One Group Hospitality had a return on equity of 36.67% and a net margin of 4.41%. As a group, equities research analysts expect that One Group Hospitality Inc will post 0.19 EPS for the current year.
About One Group Hospitality
The ONE Group Hospitality, Inc, a hospitality company, develops, owns, and operates restaurants and lounges worldwide. It operates in three segments: Owned Restaurants; Owned Food, Beverage and Other; and Managed and Licensed Operations. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.
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