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Wedbush reiterates neutral rating on stock ONE Group Hospitality (NASDAQ: STKS – Free Report) That’s according to a report published by Benzinga on Wednesday. They currently have a $5 price target on the restaurant operator’s stock.
STKS is the subject of several other reports. Lake Street Capital lowered their target price on shares of ONE Group Hospitality from $11.00 to $8.00 and set a buy rating for the company in a research note on Friday, March 15th. StockNews.com raised shares of ONE Group Hospitality from a sell rating to a hold rating in a research report on Monday, March 18th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, ONE Group Hospitality currently has an average rating of “Moderate Buy” and an average price target of $7.33.
Check out our latest report on ONE Group Hospitality
ONE Group Hotel Value for Money
On Wednesday, ONE Group Hospitality opened at $5.07. The company’s 50-day simple moving average is $4.07 and its 200-day simple moving average is $4.83. The company has a current ratio of 0.80, a quick ratio of 0.70, and a debt-to-equity ratio of 1.05. ONE Group Hospitality has a one-year low of $3.21 and a one-year high of $9.06. The stock has a market capitalization of $158.74 million, a P/E ratio of 33.80, and a beta of 2.42.
ONE Group Hospitality (NASDAQ: STKS – Get Free Report ) last issued earnings results on Thursday, March 14th. The restaurant operator reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The company’s revenue for the quarter was $89.94 million, compared with analysts’ expectations of $96.98 million. ONE Group Hospitality’s net profit margin was 1.42% and return on equity was 11.66%. On average, sell-side analysts expect ONE Group Hospitality to post $0.2 earnings per share for the current year.
Insider buying and selling of ONE Group Hospitality
In other ONE Group Hospitality news, insider David Kanen bought 73,733 shares of the company’s stock in a transaction on Monday, March 18th. The shares were purchased at an average price of $4.21 per share, for a total value of $310,415.93. Following the completion of the acquisition, the insider now directly owns 386,872 shares in the company, valued at approximately $1,628,731.12. The transaction was disclosed in a document filed with the U.S. Securities and Exchange Commission, which is available at this link . Insiders own 19.80% of the company’s shares.
Institutional investors focus on ONE Group Hospitality
Institutional investors and hedge funds have recently bought and sold shares of the company. Kanen Wealth Management LLC purchased a new stake in shares of ONE Group Hospitality during the second quarter worth approximately $32,712,000. BlackRock Inc. boosted its holdings in shares of ONE Group Hospitality by 23.4% during the second quarter. BlackRock Inc. now owns 1,417,777 shares of the restaurant operator’s stock valued at $10,378,000 after purchasing an additional 268,642 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of ONE Group Hospitality by 30.8% during the fourth quarter. First Eagle Investment Management LLC now owns 891,097 shares of the restaurant operator’s stock valued at $5,454,000 after purchasing an additional 209,985 shares during the last quarter. Meros Investment Management LP grew its holdings in shares of ONE Group Hospitality by 111.8% during the fourth quarter. Meros Investment Management LP now owns 323,965 shares of the restaurant operator’s stock valued at $2,041,000 after purchasing an additional 170,982 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in ONE Group Hospitality during the first quarter worth approximately $1,245,000. Institutional investors hold 29.14% of the company’s shares.
About ONE Group Hospitality
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ONE Group Hospitality, Inc is a hospitality company that develops, owns, operates, manages and licenses restaurants and lounges worldwide. The company operates through its STK, Kona Grill and ONE Hospitality segments. The company also provides turnkey catering services to hospitality venues such as hotels, casinos and other venues.
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