ONE Group Hospitality's (STKS) Overweight Rating Reaffirmed at Stephens

ONE Group Hospitality (NASDAQ:STKS - Get Free Report)'s stock had its "overweight" rating reaffirmed by analysts at Stephens in a report released on Monday,Benzinga reports. They presently have a $6.00 price target on the restaurant operator's stock. Stephens' target price would suggest a potential upside of 94.17% from the company's previous close.

Separately, Wedbush decreased their price objective 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.

ONE Group Hospitality Stock Up 8.8 %

Shares of NASDAQ STKS traded up $0.25 during trading hours on Monday, hitting $3.09. 142,886 shares of the stock were exchanged, compared to its average volume of 101,541. ONE Group Hospitality has a 12 month low of $2.68 and a 12 month high of $6.10. The firm has a fifty day moving average price of $3.13 and a 200-day moving average price of $3.64. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 6.73. The company has a market cap of $95.34 million, a PE ratio of -3.86 and a beta of 2.38.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last issued its earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) EPS for the quarter. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. The firm had revenue of $193.98 million during the quarter, compared to analysts' expectations of $217.95 million. On average, sell-side analysts expect that ONE Group Hospitality will post 0.04 EPS for the current year.

Hedge Funds Weigh In On ONE Group Hospitality

Hedge funds and other institutional investors have recently modified their holdings of the business. Stoneridge Investment Partners LLC acquired a new stake in ONE Group Hospitality during the third quarter worth about $44,000. GSA Capital Partners LLP purchased a new stake in shares of ONE Group Hospitality during the 3rd quarter worth $54,000. JPMorgan Chase & Co. boosted its position in shares of 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 acquiring an additional 5,497 shares in the last quarter. Barclays PLC raised its position in shares of ONE Group Hospitality by 94.4% during 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. Finally, Zacks Investment Management lifted its stake in ONE Group Hospitality by 10.0% during the third quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator's stock worth $883,000 after purchasing an additional 21,855 shares during the last quarter. 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.