ONE Group Hospitality (STKS) – Research Analysts’ Weekly Ratings Updates

ONE Group Hospitality (NASDAQ: STKS) recently received a number of ratings updates from brokerages and research firms:

• 4/12/2024 – ONE Group Hospitality is now covered by analysts at Stephens. They set an “overweight” rating and a $9.00 price target on the stock.
• 4/12/2024 – ONE Group Hospitality was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/29/2024 – ONE Group Hospitality was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/27/2024 – ONE Group Hospitality had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $5.00 price target on the stock.
• 3/18/2024 – ONE Group Hospitality was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/15/2024 – ONE Group Hospitality had its price target lowered by analysts at Wedbush from $6.00 to $5.00. They now have a “neutral” rating on the stock.
• 3/15/2024 – ONE Group Hospitality had its price target lowered by analysts at Lake Street Capital from $11.00 to $8.00. They now have a “buy” rating on the stock.

ONE Group Hospitality Stock Down 1.5 %

NASDAQ STKS traded down $0.08 during trading hours on Wednesday, hitting $5.35. The company had a trading volume of 86,712 shares, compared to its average volume of 178,692. The firm’s 50 day moving average is $4.38 and its 200 day moving average is $4.78. The company has a market capitalization of $167.51 million, a price-to-earnings ratio of 35.67 and a beta of 2.46. The ONE Group Hospitality, Inc. has a fifty-two week low of $3.21 and a fifty-two week high of $8.75. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.80 and a quick ratio of 0.70.

ONE Group Hospitality (NASDAQ:STKS) last announced its earnings results on Thursday, March 14th. The restaurant operator reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $89.94 million for the quarter, compared to the consensus estimate of $96.98 million. ONE Group Hospitality had a return on equity of 11.66% and a net margin of 1.42%. Sell-side analysts anticipate that The ONE Group Hospitality, Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Transactions at ONE Group Hospitality

In other news, insider David Kanen acquired 73,733 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $4.21 per share, with a total value of $310,415.93. Following the transaction, the insider now directly owns 386,872 shares in the company, valued at approximately $1,628,731.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 19.80% of the company’s stock.

Hedge Funds Weigh In On ONE Group Hospitality

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its position in ONE Group Hospitality by 533.2% in the fourth quarter. Barclays PLC now owns 6,060 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 5,103 shares during the period. UBS Group AG lifted its holdings in shares of ONE Group Hospitality by 460.8% in the fourth quarter. UBS Group AG now owns 6,730 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 5,530 shares during the period. Citigroup Inc. acquired a new stake in shares of ONE Group Hospitality in the second quarter valued at $48,000. BNP Paribas Arbitrage SNC boosted its stake in ONE Group Hospitality by 61.8% during the third quarter. BNP Paribas Arbitrage SNC now owns 7,555 shares of the restaurant operator’s stock valued at $50,000 after buying an additional 2,885 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in ONE Group Hospitality by 154.2% during the third quarter. Tower Research Capital LLC TRC now owns 9,847 shares of the restaurant operator’s stock worth $65,000 after acquiring an additional 5,974 shares during the period. 29.14% of the stock is currently owned by institutional investors and hedge funds.

The ONE Group Hospitality, Inc, a restaurant company, develops, owns, operates, manages, and licenses restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.