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StockNews.com Underweight Stocks ONE Group Hospitality (NASDAQ: STKS – Free Report) stock from a hold rating to a sell rating in a research note issued on Friday.
STKS is the subject of several other research reports. Wedbush reiterated a neutral rating and issued a $5.00 target price on shares of ONE Group Hospitality in a research report on Wednesday. Lake Street Capital lowered their target price on ONE Group Hospitality from $11.00 to $8.00 and set a buy rating on the stock in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.33.
Check out our latest analysis for STKS
ONE Group Hospitality volume rose 9.9%
STKS stock opened Friday at $5.57. The stock has a market capitalization of $174.4 million, a P/E ratio of 37.13, and a beta of 2.42. ONE Group Hospitality has a one-year low of $3.21 and a one-year high of $9.06. The business has a 50-day moving average of $4.10 and a 200-day moving average of $4.82. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.80, and a quick ratio of 0.70.
ONE Group Hospitality (NASDAQ: STKS – Get Free Report ) last released its quarterly earnings results on Thursday, March 14th. The restaurant operator reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. ONE Group Hospitality’s return on equity was 11.66% and its net profit margin was 1.42%. The business had revenue of $89.94 million in the quarter, compared with analysts’ expectations of $96.98 million. As a group, sell-side analysts expect ONE Group Hospitality to post 0.2 earnings per share for the year.
Insider Trading at ONE Group Hospitality
In other news, insider David Kanen purchased 191,585 shares of ONE Group Hospitality stock in a transaction on Friday, March 15th. The shares were purchased at an average cost of $3.75 per share, for a total value of $718,443.75. Following the completion of the acquisition, the insider now owns 313,139 shares in the company, valued at approximately $1,174,271.25. The transaction was disclosed in a legal document filed with the SEC, which can be accessed through this hyperlink. Insiders own 19.30% of the company’s shares.
Institutional investors focus on ONE Group Hospitality
Large investors have recently added to or reduced their holdings of the stock. Barclays raised its stake in ONE Group Hospitality by 533.2% during the fourth quarter. Barclays PLC now owns 6,060 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 5,103 shares during the last quarter. Citigroup purchased a new position in shares of ONE Group Hospitality during the second quarter worth approximately $48,000. UBS Group AG increased its holdings in shares of ONE Group Hospitality by 460.8% during the fourth quarter. UBS Group AG now owns 6,730 shares of the restaurant operator’s shares valued at $42,000 after purchasing an additional 5,530 shares during the last quarter. BNP Paribas Arbitrage SNC increased its holdings in shares of ONE Group Hospitality by 61.8% in the third quarter. BNP Paribas Arbitrage SNC now owns 7,555 shares of the restaurant operator’s stock valued at $50,000 after purchasing an additional 2,885 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in ONE Group Hospitality by 109.7% in the second quarter. Wells Fargo & Company MN now owns 9,189 shares of the restaurant operator’s stock valued at $67,000 after purchasing an additional 4,806 shares during the last quarter. 29.14% of the shares are held by institutional investors.
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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