Stephens Issues Pessimistic Forecast for ONE Group Hospitality (NASDAQ:STKS) Stock Price

ONE Group Hospitality (NASDAQ:STKS) had its price objective reduced by equities research analysts at Stephens from $6.00 to $5.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. Stephens’ price target points to a potential upside of 91.57% from the stock’s current price.

Separately, Wedbush reissued a “neutral” rating and issued a $3.50 target price on shares of ONE Group Hospitality in a research report on Tuesday.

ONE Group Hospitality Trading Down 9.1 %

STKS stock traded down $0.26 during midday trading on Tuesday, hitting $2.61. 20,363 shares of the company’s stock were exchanged, compared to its average volume of 88,955. ONE Group Hospitality has a 1-year low of $2.60 and a 1-year high of $6.10. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 6.73. The stock has a market capitalization of $80.53 million, a PE ratio of -3.26 and a beta of 2.46. The business has a 50-day simple moving average of $3.25 and a two-hundred day simple moving average of $3.35.

ONE Group Hospitality (NASDAQ:STKS) last issued its quarterly earnings data on Monday, March 10th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.33). ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. The business had revenue of $221.88 million for the quarter, compared to analyst estimates of $217.71 million. On average, sell-side analysts predict that ONE Group Hospitality will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On ONE Group Hospitality

Hedge funds have recently added to or reduced their stakes in the business. Stoneridge Investment Partners LLC grew its stake in shares of ONE Group Hospitality by 22.6% in the fourth quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 2,684 shares in the last quarter. Barclays PLC increased its holdings in ONE Group Hospitality by 6.7% during the 4th quarter. Barclays PLC now owns 49,634 shares of the restaurant operator’s stock worth $143,000 after purchasing an additional 3,126 shares during the period. Wells Fargo & Company MN raised its position in ONE Group Hospitality by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 3,316 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of ONE Group Hospitality by 18.7% in the 4th quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 5,477 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of ONE Group Hospitality by 53.8% during the third quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock worth $58,000 after buying an additional 5,497 shares in the last quarter. 29.14% of the stock is currently owned by institutional investors and hedge funds.

ONE Group Hospitality Company Profile

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.