One Group Hospitality Inc (STKS) Given Average Rating of “Strong Buy” by Brokerages

Shares of One Group Hospitality Inc (NASDAQ:STKS) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus target price of $4.00 for the company and are expecting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also assigned One Group Hospitality an industry rank of 167 out of 256 based on the ratings given to its competitors.

A number of analysts recently issued reports on the company. ValuEngine raised One Group Hospitality from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Lake Street Capital set a $5.00 target price on One Group Hospitality and gave the company a “buy” rating in a research report on Tuesday, November 13th. Finally, Piper Jaffray Companies assumed coverage on One Group Hospitality in a research report on Tuesday, November 20th. They issued an “overweight” rating and a $4.00 target price on the stock.

A number of institutional investors have recently bought and sold shares of STKS. Penbrook Management LLC bought a new position in One Group Hospitality during the third quarter worth about $384,000. Vanguard Group Inc. grew its holdings in One Group Hospitality by 8.2% during the third quarter. Vanguard Group Inc. now owns 328,662 shares of the restaurant operator’s stock worth $1,160,000 after purchasing an additional 24,878 shares during the period. Finally, Vanguard Group Inc grew its holdings in One Group Hospitality by 8.2% during the third quarter. Vanguard Group Inc now owns 328,662 shares of the restaurant operator’s stock worth $1,160,000 after purchasing an additional 24,878 shares during the period. Institutional investors and hedge funds own 2.97% of the company’s stock.

Shares of NASDAQ:STKS traded up $0.03 during midday trading on Wednesday, hitting $3.28. The company had a trading volume of 8,712 shares, compared to its average volume of 22,586. The company has a quick ratio of 0.51, a current ratio of 0.58 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $87.14 million, a P/E ratio of -46.83 and a beta of 0.63. One Group Hospitality has a 12 month low of $1.87 and a 12 month high of $3.68.

One Group Hospitality (NASDAQ:STKS) last released its earnings results on Monday, November 12th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $19.96 million during the quarter. One Group Hospitality had a negative net margin of 0.28% and a negative return on equity of 3.00%. As a group, equities research analysts expect that One Group Hospitality will post 0.08 earnings per share for the current year.

One Group Hospitality Company Profile

The ONE Group Hospitality, Inc is a global hospitality company, which engages the development, owning, and operation of restaurants, and lounges. It operates through the following segments: Owned Restaurants, Owned Food, Beverage & Other, and Managed & Licensed Operations. The Owned Restaurant segment consists of leased restaurant locations and competes in the full-service dining industry.

See Also: Moving Average (MA)

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