Analysts’ Recent Ratings Updates for ONE Group Hospitality (STKS)

A number of research firms have changed their ratings and price targets for ONE Group Hospitality (NASDAQ: STKS):

• 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.
• 2/12/2024 – ONE Group Hospitality was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

ONE Group Hospitality Trading Up 9.9 %

NASDAQ:STKS opened at $5.57 on Friday. The stock has a market capitalization of $174.40 million, a price-to-earnings ratio of 37.13 and a beta of 2.42. The ONE Group Hospitality, Inc. has a 52 week low of $3.21 and a 52 week high of $9.06. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.05. The firm has a 50 day moving average of $4.08 and a 200 day moving average of $4.83.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings data on Thursday, March 14th. The restaurant operator reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. ONE Group Hospitality had a return on equity of 11.66% and a net margin of 1.42%. The firm had revenue of $89.94 million during the quarter, compared to analysts’ expectations of $96.98 million. As a group, sell-side analysts anticipate that The ONE Group Hospitality, Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Activity

In related news, insider David Kanen bought 73,733 shares of the company’s stock in a transaction on Monday, March 18th. The shares were bought at an average price of $4.21 per share, with a total value of $310,415.93. Following the transaction, the insider now owns 386,872 shares in the company, valued at $1,628,731.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 19.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of STKS. Kanen Wealth Management LLC acquired a new position in ONE Group Hospitality in the 2nd quarter worth approximately $32,712,000. Vanguard Group Inc. boosted its stake in shares of ONE Group Hospitality by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 1,464,267 shares of the restaurant operator’s stock worth $8,961,000 after acquiring an additional 13,202 shares in the last quarter. BlackRock Inc. grew its position in shares of ONE Group Hospitality by 23.4% during the 2nd quarter. BlackRock Inc. now owns 1,417,777 shares of the restaurant operator’s stock valued at $10,378,000 after acquiring an additional 268,642 shares during the period. First Eagle Investment Management LLC increased its stake in shares of ONE Group Hospitality by 30.8% in the 4th quarter. First Eagle Investment Management LLC now owns 891,097 shares of the restaurant operator’s stock valued at $5,454,000 after purchasing an additional 209,985 shares in the last quarter. Finally, CastleKnight Management LP raised its holdings in ONE Group Hospitality by 5.0% in the 2nd quarter. CastleKnight Management LP now owns 835,612 shares of the restaurant operator’s stock worth $6,117,000 after purchasing an additional 39,518 shares during the period. 29.14% of the stock is 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.