ONE Group Hospitality (STKS) Expected to Announce Quarterly Earnings on Monday

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Monday, March 10th. Analysts expect ONE Group Hospitality to post earnings of $0.30 per share and revenue of $217.71 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

ONE Group Hospitality Trading Down 0.7 %

Shares of NASDAQ STKS traded down $0.02 during midday trading on Friday, reaching $2.98. 71,910 shares of the stock were exchanged, compared to its average volume of 128,577. The company has a market capitalization of $91.94 million, a P/E ratio of -3.73 and a beta of 2.46. ONE Group Hospitality has a 52-week low of $2.68 and a 52-week 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 50 day moving average price of $3.26 and a 200-day moving average price of $3.36.

Hedge Funds Weigh In On ONE Group Hospitality

A hedge fund recently raised its stake in ONE Group Hospitality stock. Bank of America Corp DE raised its stake in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS - Free Report) by 18.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,782 shares of the restaurant operator's stock after purchasing an additional 5,477 shares during the period. Bank of America Corp DE owned 0.11% of ONE Group Hospitality worth $101,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 29.14% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have recently commented on STKS shares. Wedbush lowered their price target on shares of ONE Group Hospitality from $5.00 to $3.50 and set a "neutral" rating for the company in a report on Monday, November 11th. Stephens reiterated an "overweight" rating and set a $6.00 price target on shares of ONE Group Hospitality in a report on Monday, January 13th.

About ONE Group Hospitality

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.