Stephens Begins Coverage on ONE Group Hospitality (NASDAQ:STKS)

Stephens initiated coverage on shares of ONE Group Hospitality (NASDAQ:STKSGet Rating) in a research report report published on Thursday, The Fly reports. The firm issued an overweight rating on the restaurant operator’s stock.

Several other equities analysts have also weighed in on STKS. StockNews.com lowered shares of ONE Group Hospitality from a buy rating to a hold rating in a report on Monday, August 8th. Roth Capital started coverage on shares of ONE Group Hospitality in a research note on Tuesday, July 19th. They issued a buy rating and a $13.00 target price for the company. Finally, TheStreet downgraded shares of ONE Group Hospitality from a b- rating to a c+ rating in a research note on Monday, June 27th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $16.50.

ONE Group Hospitality Trading Down 2.0 %

Shares of NASDAQ STKS opened at $6.85 on Thursday. The company’s 50 day simple moving average is $7.87 and its 200 day simple moving average is $8.77. ONE Group Hospitality has a fifty-two week low of $6.54 and a fifty-two week high of $16.44. The firm has a market capitalization of $223.65 million, a P/E ratio of 9.13 and a beta of 2.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.02 and a quick ratio of 0.90.

ONE Group Hospitality (NASDAQ:STKSGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The restaurant operator reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). ONE Group Hospitality had a net margin of 8.17% and a return on equity of 35.49%. The business had revenue of $81.13 million during the quarter, compared to analyst estimates of $77.46 million. On average, analysts predict that ONE Group Hospitality will post 0.67 EPS for the current year.

Institutional Investors Weigh In On ONE Group Hospitality

Several large investors have recently made changes to their positions in the stock. Thompson Siegel & Walmsley LLC increased its position in shares of ONE Group Hospitality by 3.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 41,183 shares of the restaurant operator’s stock worth $304,000 after acquiring an additional 1,535 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of ONE Group Hospitality by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 95,783 shares of the restaurant operator’s stock worth $1,007,000 after acquiring an additional 2,039 shares in the last quarter. PDT Partners LLC increased its position in shares of ONE Group Hospitality by 6.7% during the first quarter. PDT Partners LLC now owns 35,226 shares of the restaurant operator’s stock worth $370,000 after acquiring an additional 2,221 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of ONE Group Hospitality by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 55,139 shares of the restaurant operator’s stock worth $580,000 after acquiring an additional 2,437 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of ONE Group Hospitality by 25.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 13,959 shares of the restaurant operator’s stock worth $103,000 after acquiring an additional 2,806 shares in the last quarter. Institutional investors own 39.70% of the company’s stock.

ONE Group Hospitality Company Profile

(Get Rating)

The ONE Group Hospitality, Inc, a hospitality 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.

See Also

The Fly logo

Receive News & Ratings for ONE Group Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Group Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.