ONE Group Hospitality’s (STKS) Overweight Rating Reaffirmed at Stephens

ONE Group Hospitality (NASDAQ:STKS)‘s stock had its “overweight” rating restated by stock analysts at Stephens in a research report issued on Monday,Benzinga reports. They currently have a $6.00 price objective on the restaurant operator’s stock. Stephens’ price objective indicates a potential upside of 112.77% from the stock’s previous close.

Separately, Wedbush cut their price target on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating on the stock in a report on Monday, November 11th.

ONE Group Hospitality Price Performance

STKS stock traded down $0.02 during midday trading on Monday, reaching $2.82. 24,401 shares of the stock were exchanged, compared to its average volume of 84,229. The company has a debt-to-equity ratio of 6.73, a current ratio of 0.52 and a quick ratio of 0.44. The stock has a market capitalization of $87.01 million, a PE ratio of -3.53 and a beta of 2.38. ONE Group Hospitality has a 52 week low of $2.68 and a 52 week high of $6.10. The company has a fifty day moving average price of $3.13 and a 200 day moving average price of $3.64.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share (EPS) for the quarter. The firm had revenue of $193.98 million for the quarter, compared to the consensus estimate of $217.95 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. As a group, analysts expect that ONE Group Hospitality will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Nantahala Capital Management LLC increased its position in ONE Group Hospitality by 119.6% during the second quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock valued at $5,111,000 after acquiring an additional 654,818 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in ONE Group Hospitality in the third quarter worth about $54,000. American Century Companies Inc. raised its stake in shares of ONE Group Hospitality by 60.0% in the second quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock worth $1,308,000 after buying an additional 115,394 shares during the period. Meros Investment Management LP boosted its position in shares of ONE Group Hospitality by 1.6% in the second quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock worth $2,960,000 after purchasing an additional 10,954 shares during the period. Finally, Barclays PLC boosted its stake in ONE Group Hospitality by 94.4% during the third quarter. Barclays PLC now owns 46,508 shares of the restaurant operator’s stock valued at $171,000 after buying an additional 22,580 shares during the last quarter. Hedge funds and other institutional investors own 29.14% of the company’s stock.

ONE Group Hospitality Company Profile

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.