Several other analysts have also weighed in on the company. Zacks Investment Research raised One Group Hospitality from a hold rating to a buy rating and set a $3.75 price objective on the stock in a research note on Tuesday, November 12th. Piper Jaffray Companies lowered One Group Hospitality from an overweight rating to a neutral rating and reduced their price objective for the company from $5.00 to $4.00 in a research note on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $3.88.
Shares of STKS traded up $0.09 during trading hours on Tuesday, hitting $3.24. 26,100 shares of the company were exchanged, compared to its average volume of 50,816. The company has a market cap of $94.13 million, a price-to-earnings ratio of 27.00 and a beta of 0.68. One Group Hospitality has a fifty-two week low of $1.87 and a fifty-two week high of $4.00. The company has a quick ratio of 0.76, a current ratio of 0.87 and a debt-to-equity ratio of 4.84. The firm’s fifty day moving average is $2.97 and its 200 day moving average is $3.08.
Large investors have recently added to or reduced their stakes in the stock. Ridgewood Investments LLC acquired a new stake in One Group Hospitality in the third quarter valued at about $140,000. BlackRock Inc. boosted its stake in One Group Hospitality by 122.9% in the second quarter. BlackRock Inc. now owns 86,679 shares of the restaurant operator’s stock valued at $278,000 after buying an additional 47,797 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in One Group Hospitality by 84.0% in the second quarter. Vanguard Group Inc. now owns 713,107 shares of the restaurant operator’s stock valued at $2,282,000 after buying an additional 325,536 shares in the last quarter. 4.55% of the stock is currently owned by institutional investors and hedge funds.
One Group Hospitality Company Profile
The ONE Group Hospitality, Inc, a hospitality company, develops, owns, and operates restaurants and lounges worldwide. It operates in three segments: Owned Restaurants; Owned Food, Beverage and Other; and Managed and Licensed Operations. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.
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