The ONE Group Hospitality, Inc. (NASDAQ:STKS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) have received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $4.6250.

Several equities analysts have commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of ONE Group Hospitality in a research report on Wednesday, October 8th. Zacks Research lowered shares of ONE Group Hospitality from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd.

ONE Group Hospitality Price Performance

Shares of NASDAQ:STKS opened at $1.90 on Thursday. ONE Group Hospitality has a one year low of $1.75 and a one year high of $5.26. The company has a debt-to-equity ratio of 16.52, a current ratio of 0.35 and a quick ratio of 0.29. The company has a market cap of $59.09 million, a price-to-earnings ratio of -0.51 and a beta of 1.64. The firm has a 50 day simple moving average of $2.15 and a 200 day simple moving average of $2.88.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings results on Thursday, November 6th. The restaurant operator reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.47). ONE Group Hospitality had a positive return on equity of 181.12% and a negative net margin of 10.21%.The company had revenue of $180.20 million for the quarter, compared to analyst estimates of $191.29 million. Research analysts predict that ONE Group Hospitality will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of ONE Group Hospitality

Several institutional investors have recently modified their holdings of the business. Nantahala Capital Management LLC raised its position in ONE Group Hospitality by 1.6% during the 1st quarter. Nantahala Capital Management LLC now owns 2,121,084 shares of the restaurant operator’s stock worth $6,342,000 after purchasing an additional 33,690 shares during the last quarter. Vanguard Group Inc. grew its position in shares of ONE Group Hospitality by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,227,751 shares of the restaurant operator’s stock valued at $3,634,000 after buying an additional 14,765 shares during the last quarter. General Equity Holdings LP increased its stake in shares of ONE Group Hospitality by 37.7% in the second quarter. General Equity Holdings LP now owns 439,107 shares of the restaurant operator’s stock valued at $1,778,000 after buying an additional 120,164 shares during the period. Jane Street Group LLC raised its position in shares of ONE Group Hospitality by 423.5% during the second quarter. Jane Street Group LLC now owns 101,174 shares of the restaurant operator’s stock worth $410,000 after acquiring an additional 81,848 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of ONE Group Hospitality during the first quarter worth about $252,000. Institutional investors own 29.14% of the company’s stock.

About ONE Group Hospitality

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.