ONE Group Hospitality (NASDAQ:STKS) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

ONE Group Hospitality (NASDAQ:STKS) issued its quarterly earnings results on Tuesday. The restaurant operator reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02, Zacks reports. ONE Group Hospitality had a negative net margin of 1.76% and a positive return on equity of 14.74%. The company had revenue of $172.49 million for the quarter, compared to the consensus estimate of $178.22 million. During the same quarter in the prior year, the company earned $0.06 EPS. ONE Group Hospitality updated its FY 2024 guidance to EPS.

ONE Group Hospitality Price Performance

Shares of NASDAQ STKS remained flat at $3.50 during midday trading on Friday. 1,143 shares of the stock were exchanged, compared to its average volume of 149,980. The company has a market capitalization of $110.22 million, a price-to-earnings ratio of 26.53 and a beta of 2.41. ONE Group Hospitality has a twelve month low of $3.21 and a twelve month high of $7.18. The firm has a fifty day moving average price of $4.68 and a 200-day moving average price of $4.69. The company has a current ratio of 0.64, a quick ratio of 0.55 and a debt-to-equity ratio of 1.06.

Analysts Set New Price Targets

STKS has been the topic of several research reports. Stephens reiterated an “overweight” rating and issued a $9.00 price target on shares of ONE Group Hospitality in a report on Wednesday. Wedbush increased their price target on shares of ONE Group Hospitality from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Finally, StockNews.com upgraded shares of ONE Group Hospitality from a “sell” rating to a “hold” rating in a report on Friday, April 12th.

Insider Transactions at ONE Group Hospitality

In other news, Director Haydee Olinger acquired 5,740 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $5.22 per share, with a total value of $29,962.80. Following the purchase, the director now directly owns 44,685 shares of the company’s stock, valued at $233,255.70. The purchase was disclosed in a legal filing with the SEC, which is available at this link. In other ONE Group Hospitality news, Director Eugene M. Bullis bought 19,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were purchased at an average price of $5.26 per share, for a total transaction of $99,940.00. Following the transaction, the director now directly owns 176,200 shares of the company’s stock, valued at approximately $926,812. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Haydee Olinger bought 5,740 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were acquired at an average price of $5.22 per share, for a total transaction of $29,962.80. Following the transaction, the director now directly owns 44,685 shares in the company, valued at $233,255.70. The disclosure for this purchase can be found here. Corporate insiders own 19.70% 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.