ONE Group Hospitality (NASDAQ:STKS) Rating Increased to Hold at Zacks Research

ONE Group Hospitality (NASDAQ:STKS) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ONE Group Hospitality in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, ONE Group Hospitality has a consensus rating of “Hold” and an average price target of $4.63.

ONE Group Hospitality Stock Performance

Shares of STKS opened at $1.84 on Thursday. The company has a debt-to-equity ratio of 16.52, a current ratio of 0.35 and a quick ratio of 0.29. The firm’s 50 day moving average is $1.94 and its 200-day moving average is $2.72. ONE Group Hospitality has a 12-month low of $1.70 and a 12-month high of $5.26. The stock has a market capitalization of $57.22 million, a P/E ratio of -0.49, a P/E/G ratio of 0.19 and a beta of 1.63.

ONE Group Hospitality (NASDAQ:STKS) last released its earnings results on Thursday, November 6th. The restaurant operator reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.47). The business had revenue of $180.20 million for the quarter, compared to analyst estimates of $191.29 million. ONE Group Hospitality had a negative net margin of 10.21% and a positive return on equity of 181.12%. Equities research analysts anticipate that ONE Group Hospitality will post -0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On ONE Group Hospitality

Several institutional investors and hedge funds have recently added to or reduced their stakes in STKS. Bank of America Corp DE boosted its position in shares of ONE Group Hospitality by 18.7% in the fourth quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock worth $101,000 after buying an additional 5,477 shares during the period. Vanguard Group Inc. lifted its stake in ONE Group Hospitality by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,227,751 shares of the restaurant operator’s stock worth $3,634,000 after acquiring an additional 14,765 shares in the last quarter. Empirical Finance LLC acquired a new stake in ONE Group Hospitality during the 2nd quarter worth about $63,000. Dimensional Fund Advisors LP grew its stake in ONE Group Hospitality by 35.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 70,839 shares of the restaurant operator’s stock valued at $210,000 after acquiring an additional 18,435 shares in the last quarter. Finally, Group One Trading LLC increased its holdings in shares of ONE Group Hospitality by 18,965.0% in the 3rd quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 18,965 shares during the period. 29.14% of the stock is currently owned by hedge funds and other institutional investors.

About ONE Group Hospitality

ONE Group Hospitality Inc is a full-service hospitality company primarily engaged in the development, ownership and operation of upscale restaurant and lounge concepts. The company’s flagship brand, STK, combines a modern steakhouse menu with a high-energy lounge atmosphere, offering signature cuts of beef, fresh seafood, sushi selections, craft cocktails and an extensive wine program. ONE Group’s concept emphasizes a seamless blend of fine dining and nightlife, catering to guests seeking both culinary excellence and an immersive social experience.

Headquartered in El Segundo, California, ONE Group deploys a mixed model of company-owned and franchised locations across multiple markets.