Wedbush Has Bearish Estimate for STKS FY2024 Earnings

The ONE Group Hospitality, Inc. (NASDAQ:STKS) – Research analysts at Wedbush decreased their FY2024 earnings estimates for shares of ONE Group Hospitality in a research report issued on Monday, November 11th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings of ($0.10) per share for the year, down from their previous forecast of $0.51. Wedbush has a “Neutral” rating and a $3.50 price objective on the stock. The consensus estimate for ONE Group Hospitality’s current full-year earnings is $0.20 per share. Wedbush also issued estimates for ONE Group Hospitality’s Q4 2024 earnings at $0.12 EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at ($0.27) EPS, Q4 2025 earnings at $0.14 EPS and FY2025 earnings at ($0.09) EPS.

STKS has been the topic of a number of other reports. StockNews.com downgraded shares of ONE Group Hospitality from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Stephens reissued an “overweight” rating and set a $9.00 target price on shares of ONE Group Hospitality in a research report on Wednesday, August 7th.

ONE Group Hospitality Trading Up 0.6 %

NASDAQ STKS opened at $3.10 on Wednesday. ONE Group Hospitality has a 1-year low of $3.03 and a 1-year high of $6.45. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 6.73. The company has a market capitalization of $95.65 million, a PE ratio of -3.88 and a beta of 2.40. The firm’s fifty day simple moving average is $3.51 and its 200-day simple moving average is $4.24.

ONE Group Hospitality (NASDAQ:STKS) last announced 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 negative net margin of 2.45% and a positive return on equity of 15.75%. The firm had revenue of $193.98 million for the quarter, compared to analyst estimates of $217.95 million.

Institutional Investors Weigh In On ONE Group Hospitality

Hedge funds have recently made changes to their positions in the stock. Legato Capital Management LLC bought a new stake in shares of ONE Group Hospitality in the second quarter valued at about $45,000. Stoneridge Investment Partners LLC acquired a new stake in shares of ONE Group Hospitality during the third quarter worth approximately $44,000. GSA Capital Partners LLP acquired a new stake in shares of ONE Group Hospitality during the third quarter worth approximately $54,000. Panagora Asset Management Inc. increased its holdings in shares of ONE Group Hospitality by 79.5% during the second quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock worth $263,000 after buying an additional 27,354 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of ONE Group Hospitality by 60.0% in the second quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock valued at $1,308,000 after purchasing an additional 115,394 shares in the last quarter. Institutional investors own 29.14% of the company’s stock.

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.