ONE Group Hospitality (NASDAQ:STKS) Price Target Cut to $5.00

ONE Group Hospitality (NASDAQ:STKS) had its price target decreased by equities researchers at Wedbush from $6.00 to $5.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Wedbush’s target price suggests a potential upside of 19.05% from the stock’s current price.

Separately, StockNews.com downgraded ONE Group Hospitality from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, ONE Group Hospitality currently has an average rating of “Hold” and a consensus price target of $7.33.

ONE Group Hospitality Price Performance

NASDAQ STKS traded up $0.23 during trading hours on Friday, hitting $4.20. The company had a trading volume of 282,115 shares, compared to its average volume of 131,246. ONE Group Hospitality has a 52 week low of $3.21 and a 52 week high of $9.06. The firm has a 50 day simple moving average of $4.21 and a 200 day simple moving average of $4.94. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.92. The firm has a market capitalization of $131.33 million, a price-to-earnings ratio of 28.00 and a beta of 2.42.

ONE Group Hospitality (NASDAQ:STKS) last issued its earnings results on Thursday, March 14th. The restaurant operator reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. ONE Group Hospitality had a return on equity of 11.69% and a net margin of 1.42%. The business had revenue of $89.94 million during the quarter, compared to the consensus estimate of $96.98 million. Equities research analysts expect that ONE Group Hospitality will post 0.19 earnings per share for the current year.

Institutional Trading of ONE Group Hospitality

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of ONE Group Hospitality by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 1,464,267 shares of the restaurant operator’s stock valued at $8,961,000 after acquiring an additional 13,202 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of ONE Group Hospitality in the 4th quarter valued at about $83,000. Price T Rowe Associates Inc. MD raised its holdings in shares of ONE Group Hospitality by 55.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,510 shares of the restaurant operator’s stock valued at $224,000 after acquiring an additional 12,956 shares in the last quarter. Meros Investment Management LP raised its holdings in shares of ONE Group Hospitality by 1.1% in the 4th quarter. Meros Investment Management LP now owns 683,691 shares of the restaurant operator’s stock valued at $4,184,000 after acquiring an additional 7,648 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of ONE Group Hospitality by 127.6% during the 4th quarter. Barclays PLC now owns 47,068 shares of the restaurant operator’s stock valued at $288,000 after buying an additional 26,392 shares in the last quarter. Hedge funds and other institutional investors own 59.25% of the company’s stock.

About ONE Group Hospitality

The ONE Group Hospitality, Inc, a hospitality 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.