Shares of One Group Hospitality Inc (NASDAQ:STKS) have been assigned a consensus rating of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $4.50.
STKS has been the subject of several research reports. Piper Jaffray Companies cut shares of One Group Hospitality from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $5.00 to $4.00 in a report on Wednesday, September 4th. Zacks Investment Research raised shares of One Group Hospitality from a “strong sell” rating to a “hold” rating in a report on Thursday, October 10th.
A hedge fund recently raised its stake in One Group Hospitality stock. BlackRock Inc. boosted its holdings in shares of One Group Hospitality Inc (NASDAQ:STKS) by 122.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,679 shares of the restaurant operator’s stock after acquiring an additional 47,797 shares during the period. BlackRock Inc. owned about 0.30% of One Group Hospitality worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 4.36% of the stock is currently owned by institutional investors.
One Group Hospitality stock traded up $0.14 during trading hours on Thursday, hitting $2.87. The stock had a trading volume of 50,760 shares, compared to its average volume of 28,860. The company has a quick ratio of 0.59, a current ratio of 0.68 and a debt-to-equity ratio of 5.06. The stock has a market capitalization of $78.64 million, a P/E ratio of 23.92 and a beta of 0.68. One Group Hospitality has a 12-month low of $1.87 and a 12-month high of $4.00. The stock’s 50-day moving average price is $2.82 and its 200-day moving average price is $3.10.
One Group Hospitality (NASDAQ:STKS) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). One Group Hospitality had a net margin of 3.68% and a return on equity of 34.06%. The company had revenue of $23.60 million for the quarter, compared to analysts’ expectations of $23.10 million. On average, research analysts expect that One Group Hospitality will post 0.15 EPS for the current fiscal year.
About One Group Hospitality
The ONE Group Hospitality, Inc, a hospitality company, develops, owns, and operates restaurants and lounges worldwide. It operates in three segments: Owned Restaurants; Owned Food, Beverage and Other; and Managed and Licensed Operations. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.
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