ONE Group Hospitality’s (STKS) “Overweight” Rating Reiterated at Stephens

Stephens reiterated their overweight rating on shares of ONE Group Hospitality (NASDAQ:STKS) in a report published on Thursday morning, Benzinga reports. They currently have a $9.00 target price on the restaurant operator’s stock.

A number of other analysts have also recently commented on STKS. Wedbush reaffirmed a neutral rating and set a $5.00 price target on shares of ONE Group Hospitality in a research report on Wednesday, March 27th. Lake Street Capital decreased their target price on ONE Group Hospitality from $11.00 to $8.00 and set a buy rating for the company in a research note on Friday, March 15th. Finally, StockNews.com raised ONE Group Hospitality from a sell rating to a hold rating in a research note on Friday, April 12th. Two equities 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 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 $5.11 on Thursday. The business has a 50-day moving average of $4.75 and a 200-day moving average of $4.82. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.80 and a quick ratio of 0.70. The company has a market capitalization of $159.99 million, a price-to-earnings ratio of 34.07 and a beta of 2.42. ONE Group Hospitality has a 1 year low of $3.21 and a 1 year high of $8.02.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings results on Thursday, March 14th. The restaurant operator reported $0.17 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $96.98 million. As a group, equities research analysts anticipate that ONE Group Hospitality will post 0.2 earnings per share for the current year.

Insider Activity

In other news, insider David Kanen purchased 191,585 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $3.75 per share, with a total value of $718,443.75. Following the purchase, the insider now owns 313,139 shares in the company, valued at $1,174,271.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 19.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. First Eagle Investment Management LLC increased its position in shares of ONE Group Hospitality by 30.8% during the fourth quarter. First Eagle Investment Management LLC now owns 891,097 shares of the restaurant operator’s stock worth $5,454,000 after acquiring an additional 209,985 shares in the last quarter. CastleKnight Management LP raised its stake in shares of ONE Group Hospitality by 0.7% in the fourth quarter. CastleKnight Management LP now owns 801,485 shares of the restaurant operator’s stock worth $4,905,000 after purchasing an additional 5,500 shares during the last quarter. Meros Investment Management LP lifted its holdings in shares of ONE Group Hospitality by 15.6% in the third quarter. Meros Investment Management LP now owns 676,043 shares of the restaurant operator’s stock valued at $3,718,000 after purchasing an additional 91,037 shares in the last quarter. Rice Hall James & Associates LLC lifted its holdings in shares of ONE Group Hospitality by 1.1% in the third quarter. Rice Hall James & Associates LLC now owns 265,953 shares of the restaurant operator’s stock valued at $1,463,000 after purchasing an additional 2,909 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of ONE Group Hospitality by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 139,018 shares of the restaurant operator’s stock valued at $765,000 after buying an additional 2,592 shares during the last quarter. 29.14% of the stock is owned by institutional investors.

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.