Wedbush Reiterates “Neutral” Rating for ONE Group Hospitality (NASDAQ:STKS)

ONE Group Hospitality (NASDAQ:STKS)‘s stock had its “neutral” rating restated by analysts at Wedbush in a note issued to investors on Wednesday, Benzinga reports. They currently have a $5.00 target price on the restaurant operator’s stock. Wedbush’s price objective points to a potential downside of 10.23% from the stock’s current price.

Other research analysts also recently issued reports about the stock. StockNews.com raised shares of ONE Group Hospitality from a “sell” rating to a “hold” rating in a research report on Monday, March 18th. Lake Street Capital dropped their target price on shares of ONE Group Hospitality from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.33.

ONE Group Hospitality Price Performance

Shares of STKS opened at $5.57 on Wednesday. ONE Group Hospitality has a fifty-two week low of $3.21 and a fifty-two week high of $9.06. The firm’s 50 day moving average price is $4.08 and its 200 day moving average price is $4.83. The company has a market cap of $174.40 million, a P/E ratio of 37.13 and a beta of 2.42. The company has a quick ratio of 0.70, a current ratio of 0.80 and a debt-to-equity ratio of 1.05.

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

Insider Activity at ONE Group Hospitality

In other ONE Group Hospitality news, insider David Kanen purchased 73,733 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $4.21 per share, for a total transaction of $310,415.93. Following the purchase, the insider now directly owns 386,872 shares in the company, valued at $1,628,731.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 19.30% of the company’s stock.

Institutional Trading of ONE Group Hospitality

A number of large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its stake in ONE Group Hospitality by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 59,436 shares of the restaurant operator’s stock worth $374,000 after purchasing an additional 1,658 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of ONE Group Hospitality by 2.2% in the 1st 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 during the period. PDT Partners LLC lifted its stake in shares of ONE Group Hospitality by 6.7% in the 1st 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 during the period. JPMorgan Chase & Co. lifted its stake in shares of ONE Group Hospitality by 9.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 27,037 shares of the restaurant operator’s stock worth $198,000 after acquiring an additional 2,322 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of ONE Group Hospitality by 25.2% in the 2nd 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 during the period. Institutional investors and hedge funds own 29.14% of the company’s stock.

About ONE Group Hospitality

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.