ONE Group Hospitality (NASDAQ:STKS) Given New $3.50 Price Target at Wedbush

ONE Group Hospitality (NASDAQ:STKS) had its price target reduced by Wedbush from $5.00 to $3.50 in a research report report published on Monday morning,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

Several other brokerages have also commented on STKS. StockNews.com lowered ONE Group Hospitality from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Stephens reissued an “overweight” rating and set a $9.00 price objective on shares of ONE Group Hospitality in a report on Wednesday, August 7th.

ONE Group Hospitality Trading Down 1.1 %

Shares of ONE Group Hospitality stock opened at $3.16 on Monday. ONE Group Hospitality has a 52-week low of $3.06 and a 52-week high of $6.45. The stock’s 50-day simple moving average is $3.54 and its 200 day simple moving average is $4.27. The stock has a market capitalization of $98.28 million, a P/E ratio of -3.96 and a beta of 2.40. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.55 and a current ratio of 0.63.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share for the quarter. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 14.72%. The company had revenue of $193.98 million for the quarter, compared to the consensus estimate of $217.95 million. As a group, research analysts anticipate that ONE Group Hospitality will post 0.5 EPS for the current year.

Institutional Trading of ONE Group Hospitality

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nantahala Capital Management LLC boosted its stake in ONE Group Hospitality by 119.6% in the second quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock worth $5,111,000 after buying an additional 654,818 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in ONE Group Hospitality by 79.5% in the second quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock worth $263,000 after buying an additional 27,354 shares in the last quarter. Vanguard Group Inc. boosted its stake in ONE Group Hospitality by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,473,534 shares of the restaurant operator’s stock worth $8,208,000 after buying an additional 9,267 shares in the last quarter. American Century Companies Inc. boosted 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 worth $1,308,000 after buying an additional 115,394 shares in the last quarter. Finally, Meros Investment Management LP boosted its stake in shares of ONE Group Hospitality by 1.6% during the second quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock valued at $2,960,000 after purchasing an additional 10,954 shares during the period. Hedge funds and other institutional investors own 29.14% of the company’s stock.

ONE Group Hospitality Company Profile

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.