One Group Hospitality (NASDAQ:STKS) Downgraded by ValuEngine

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ValuEngine cut shares of One Group Hospitality (NASDAQ:STKS) from a hold rating to a sell rating in a research note issued to investors on Tuesday, ValuEngine reports.

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.

One Group Hospitality (NASDAQ:STKS) last released its earnings results on Thursday, November 7th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $22.11 million for the quarter, compared to analyst estimates of $21.90 million. One Group Hospitality had a return on equity of 36.67% and a net margin of 4.41%. Analysts anticipate that One Group Hospitality will post 0.19 EPS for the current year.

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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