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

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

Separately, Wedbush decreased their price objective on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Monday, November 11th.

ONE Group Hospitality Price Performance

STKS opened at $3.18 on Monday. The company has a market capitalization of $98.12 million, a P/E ratio of -3.98 and a beta of 2.38. The company has a 50-day moving average of $3.12 and a 200-day moving average of $3.62. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52. ONE Group Hospitality has a 1-year low of $2.68 and a 1-year high of $6.10.

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

Hedge Funds Weigh In On ONE Group Hospitality

Several institutional investors have recently made changes to their positions in STKS. Nantahala Capital Management LLC lifted its holdings in shares of ONE Group Hospitality by 119.6% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock worth $5,111,000 after purchasing an additional 654,818 shares during the last quarter. Meros Investment Management LP increased its position in ONE Group Hospitality by 1.6% in the second quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock worth $2,960,000 after buying an additional 10,954 shares during the period. American Century Companies Inc. lifted its stake in 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 buying an additional 115,394 shares during the last quarter. Zacks Investment Management boosted its holdings in shares of ONE Group Hospitality by 10.0% during the third quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock valued at $883,000 after acquiring an additional 21,855 shares during the period. Finally, Barclays PLC grew its position in shares of ONE Group Hospitality by 94.4% during 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 during the last quarter. 29.14% of the stock is owned by 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.