ONE Group Hospitality (NASDAQ:STKS) Coverage Initiated at Northcoast Research

Northcoast Research initiated coverage on shares of ONE Group Hospitality (NASDAQ:STKS - Free Report) in a research note published on Friday, MarketBeat Ratings reports. The firm issued a buy rating and a $5.00 price target on the restaurant operator's stock.

A number of other research firms also recently commented on STKS. Stephens reduced their target price on ONE Group Hospitality from $6.00 to $5.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Wedbush reiterated a "neutral" rating and issued a $3.50 price objective on shares of ONE Group Hospitality in a research note on Tuesday, March 11th.

ONE Group Hospitality Stock Performance

Shares of NASDAQ:STKS traded down $0.29 during midday trading on Friday, hitting $2.67. The stock had a trading volume of 306,999 shares, compared to its average volume of 108,037. The company has a market capitalization of $82.88 million, a PE ratio of -3.34 and a beta of 2.10. ONE Group Hospitality has a 1 year low of $2.37 and a 1 year high of $6.10. The stock has a 50 day moving average price of $2.99 and a two-hundred day moving average price of $3.21. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 6.73.

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ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The restaurant operator reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.33). The business had revenue of $221.88 million during the quarter, compared to analysts' expectations of $217.71 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. As a group, equities analysts predict that ONE Group Hospitality will post -0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ONE Group Hospitality news, CFO Tyler Loy bought 10,000 shares of the business's stock in a transaction on Friday, March 14th. The stock was bought at an average price of $2.55 per share, for a total transaction of $25,500.00. Following the completion of the transaction, the chief financial officer now owns 220,246 shares in the company, valued at approximately $561,627.30. The trade was a 4.76 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 19.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN grew its holdings in ONE Group Hospitality by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator's stock valued at $28,000 after buying an additional 3,316 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of ONE Group Hospitality during the fourth quarter valued at $35,000. Stoneridge Investment Partners LLC boosted its stake in shares of ONE Group Hospitality by 22.6% during the fourth quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator's stock valued at $42,000 after acquiring an additional 2,684 shares during the last quarter. JPMorgan Chase & Co. increased its position in ONE Group Hospitality by 53.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator's stock worth $58,000 after purchasing an additional 5,497 shares in the last quarter. Finally, Magnus Financial Group LLC acquired a new position in ONE Group Hospitality in the 4th quarter valued at about $72,000. 29.14% of the stock is owned by hedge funds and other institutional investors.

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.