ONE Group Hospitality, Inc. (NASDAQ:STKS – Get Rating) has earned a consensus “Buy” recommendation from the six research companies that currently cover the business, Marketbeat.com reports. One equity research analyst gave the stock a hold rating, three issued a buy rating and one issued a strong buy rating for the company. The 12-month average target price among analysts who have covered the stock over the past year is $18.00.
A number of research companies have recently published reports on STKS. StockNews.com upgraded ONE Group Hospitality from a “buy” rating to a “strong buy” rating in a research report on Saturday. Zacks Investment Research upgraded ONE Group Hospitality from a “sell” rating to a “hold” rating in a Saturday, January 15 report. Finally, Wedbush assumed coverage for ONE Group Hospitality in a report on Tuesday, January 4. They set an “outperform” rating and a price target of $20.00 for the stock.
Shares of STKS opened at $10.28 on Thursday. ONE Group Hospitality has a 52-week minimum of $7.80 and a 52-week maximum of $16.44. The stock has a market capitalization of $331.84 million, a PE ratio of 11.17 and a beta of 2.47. The company’s fifty-day moving average is $11.10 and its two-hundred-day moving average is $12.27. The company has a quick ratio of 0.92, a current ratio of 1.02 and a leverage ratio of 0.38.
ONE Group Hospitality (NASDAQ:STKS – Get Rating) last released its quarterly results on Monday, March 14. The restaurateur reported earnings per share of $0.24 for the quarter, beating Thomson Reuters consensus estimate of $0.21 by $0.03. ONE Group Hospitality posted a net margin of 11.31% and a return on equity of 45.09%. The company posted revenue of $84.07 million for the quarter, versus a consensus estimate of $83.90 million. During the same period last year, the company posted earnings per share of $0.02. As a group, research analysts expect ONE Group Hospitality to post 0.74 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY acquired a new stock position in ONE Group Hospitality in Q4 worth $26,000. Citigroup Inc. increased its position in ONE Group Hospitality by 169.0% in the third quarter. Citigroup Inc. now owns 2,502 shares of the restaurateur valued at $27,000 after buying an additional 1,572 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in ONE Group Hospitality by 170.0% during the third quarter. Advisor Group Holdings Inc. now owns 2,700 shares of the restaurateur worth $29,000 after purchasing an additional 1,700 shares during the period. BNP Paribas Arbitrage SA increased its position in ONE Group Hospitality shares by 427.6% during the third quarter. BNP Paribas Arbitrage SA now owns 3,973 shares in the restaurateur valued at $42,000 after acquiring 3,220 additional shares in the last quarter. Finally, Dorsey Wright & Associates increased its stake in ONE Group Hospitality shares by 15.6% in the 4th quarter. Dorsey Wright & Associates now owns 6,275 shares of the restaurateur valued at $79,000 after acquiring 846 additional shares during the period. 50.70% of the shares are held by institutional investors.
About ONE Group Hospitality (Get an evaluation)
The ONE Group Hospitality, Inc., a hospitality 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 turnkey catering services for hospitality venues, including hotels, casinos and other venues.
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