The ONE Group Hospitality, Inc. (NASDAQ:STKS) Receives $4.50 Consensus Target Price from Brokerages

The ONE Group Hospitality, Inc. (NASDAQ:STKS) has earned an average rating of “Hold” from the five analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $4.50.

Several brokerages have recently commented on STKS. Zacks Research raised shares of ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of ONE Group Hospitality in a report on Thursday, January 22nd. Finally, Lake Street Capital cut their target price on ONE Group Hospitality from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday, January 16th.

Hedge Funds Weigh In On ONE Group Hospitality

A number of large investors have recently modified their holdings of STKS. Group One Trading LLC lifted its holdings in shares of ONE Group Hospitality by 18,965.0% in the 3rd quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock worth $56,000 after purchasing an additional 18,965 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of ONE Group Hospitality in the 3rd quarter worth $97,000. Bank of America Corp DE lifted its holdings in shares of ONE Group Hospitality by 18.7% in the 4th quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 5,477 shares in the last quarter. Piedmont Capital Management LLC NC bought a new position in shares of ONE Group Hospitality in the 4th quarter worth $104,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of ONE Group Hospitality in the 2nd quarter worth $132,000. 29.14% of the stock is currently owned by institutional investors.

ONE Group Hospitality Price Performance

Shares of STKS stock opened at $1.75 on Wednesday. The company has a market cap of $54.92 million, a price-to-earnings ratio of -0.43, a price-to-earnings-growth ratio of 0.22 and a beta of 1.49. ONE Group Hospitality has a 52 week low of $1.66 and a 52 week high of $5.26. The firm has a 50 day moving average of $1.91 and a 200-day moving average of $2.05.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings data on Friday, March 13th. The restaurant operator reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.46). The company had revenue of $207.01 million for the quarter, compared to analyst estimates of $210.28 million. ONE Group Hospitality had a negative return on equity of 57.00% and a negative net margin of 11.45%. Analysts anticipate that ONE Group Hospitality will post -0.18 earnings per share for the current year.

About ONE Group Hospitality

ONE Group Hospitality Inc is a full-service hospitality company primarily engaged in the development, ownership and operation of upscale restaurant and lounge concepts. The company’s flagship brand, STK, combines a modern steakhouse menu with a high-energy lounge atmosphere, offering signature cuts of beef, fresh seafood, sushi selections, craft cocktails and an extensive wine program. ONE Group’s concept emphasizes a seamless blend of fine dining and nightlife, catering to guests seeking both culinary excellence and an immersive social experience.

Headquartered in El Segundo, California, ONE Group deploys a mixed model of company-owned and franchised locations across multiple markets.