ONE Group Hospitality (NASDAQ:STKS) Earns “Overweight” Rating from Stephens

ONE Group Hospitality (NASDAQ:STKS)‘s stock had its “overweight” rating reaffirmed by analysts at Stephens in a report issued on Monday,Benzinga reports. They presently have a $6.00 price target on the restaurant operator’s stock. Stephens’ target price indicates a potential upside of 88.68% from the stock’s previous close.

Separately, Wedbush reduced their target price 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 opened at $3.18 on Monday. The stock has a 50-day moving average price of $3.12 and a two-hundred day moving average price of $3.62. The company has a market cap of $98.12 million, a PE ratio of -3.98 and a beta of 2.38. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 6.73. ONE Group Hospitality has a 12-month low of $2.68 and a 12-month high of $6.10.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Stoneridge Investment Partners LLC purchased a new stake in ONE Group Hospitality during the 3rd quarter worth $44,000. GSA Capital Partners LLP purchased a new stake in shares of ONE Group Hospitality during the third quarter worth about $54,000. JPMorgan Chase & Co. increased its position in shares of ONE Group Hospitality by 53.8% during the third quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 5,497 shares during the last quarter. Barclays PLC lifted its stake in shares of ONE Group Hospitality by 94.4% in the third quarter. Barclays PLC now owns 46,508 shares of the restaurant operator’s stock worth $171,000 after acquiring an additional 22,580 shares in the last quarter. Finally, Zacks Investment Management boosted its holdings in ONE Group Hospitality by 10.0% in the third quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock valued at $883,000 after purchasing an additional 21,855 shares during the last quarter. 29.14% of the stock is currently owned by hedge funds and other institutional investors.

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.