The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.71 and traded as low as $2.78. ONE Group Hospitality shares last traded at $2.83, with a volume of 85,965 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Wedbush cut their price target on shares of ONE Group Hospitality from $5.00 to $3.50 and set a "neutral" rating on the stock in a report on Monday, November 11th. Stephens reaffirmed an "overweight" rating and set a $6.00 target price on shares of ONE Group Hospitality in a report on Monday, December 9th.
Check Out Our Latest Stock Analysis on ONE Group Hospitality
ONE Group Hospitality Trading Up 3.2 %
The company has a debt-to-equity ratio of 6.73, a current ratio of 0.52 and a quick ratio of 0.44. The firm has a market cap of $90.09 million, a price-to-earnings ratio of -3.65 and a beta of 2.37. The firm's fifty day moving average is $3.18 and its 200-day moving average is $3.70.
ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share (EPS) for the quarter. The business had revenue of $193.98 million during the quarter, compared to analyst estimates of $217.95 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. Equities analysts anticipate that The ONE Group Hospitality, Inc. will post 0.04 earnings per share for the current year.
Institutional Trading of ONE Group Hospitality
Several hedge funds have recently bought and sold shares of STKS. JPMorgan Chase & Co. grew its holdings in 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. Barclays PLC grew its stake in shares of ONE Group Hospitality by 94.4% in the 3rd quarter. Barclays PLC now owns 46,508 shares of the restaurant operator's stock worth $171,000 after acquiring an additional 22,580 shares in the last quarter. Zacks Investment Management raised its holdings in shares of ONE Group Hospitality by 10.0% in the third quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator's stock valued at $883,000 after purchasing an additional 21,855 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of ONE Group Hospitality during the third quarter valued at about $54,000. Finally, Stoneridge Investment Partners LLC purchased a new position in ONE Group Hospitality during the third quarter worth about $44,000. Institutional investors and hedge funds own 29.14% of the company's stock.
About ONE Group Hospitality
(
Get Free Report)
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.
Featured Stories
Before you consider ONE Group Hospitality, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ONE Group Hospitality wasn't on the list.
While ONE Group Hospitality currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
