ONE Group Hospitality’s (STKS) Neutral Rating Reaffirmed at Wedbush

Wedbush reaffirmed their neutral rating on shares of ONE Group Hospitality (NASDAQ:STKS) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $3.50 price target on the restaurant operator’s stock.

Separately, Stephens reaffirmed an “overweight” rating and issued a $6.00 target price on shares of ONE Group Hospitality in a research report on Monday, January 13th.

ONE Group Hospitality Stock Down 11.5 %

Shares of NASDAQ STKS opened at $2.54 on Tuesday. The stock has a market capitalization of $78.37 million, a price-to-earnings ratio of -3.18 and a beta of 2.46. ONE Group Hospitality has a 52 week low of $2.52 and a 52 week high of $6.10. The firm has a 50-day moving average price of $3.25 and a 200 day moving average price of $3.34. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 6.73.

ONE Group Hospitality (NASDAQ:STKS) last posted its earnings results on Monday, March 10th. The restaurant operator reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.33). The business had revenue of $221.88 million for the quarter, compared to analysts’ expectations of $217.71 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. Equities research analysts anticipate that ONE Group Hospitality will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new position in ONE Group Hospitality during the third quarter worth about $54,000. JPMorgan Chase & Co. grew its stake in shares of ONE Group Hospitality by 53.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 5,497 shares during the last quarter. Barclays PLC raised its holdings in shares of ONE Group Hospitality by 94.4% in the 3rd quarter. Barclays PLC now owns 46,508 shares of the restaurant operator’s stock worth $171,000 after purchasing an additional 22,580 shares in the last quarter. Magnus Financial Group LLC acquired a new stake in ONE Group Hospitality during the fourth quarter valued at approximately $72,000. Finally, Zacks Investment Management boosted its holdings in ONE Group Hospitality by 10.0% during the third quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock worth $883,000 after buying an additional 21,855 shares in the last quarter. Institutional investors and hedge funds own 29.14% of the company’s stock.

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.