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

Stephens restated their overweight rating on shares of ONE Group Hospitality (NASDAQ:STKS - Free Report) in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a $6.00 price objective on the restaurant operator's stock.

Separately, Wedbush cut their target price on ONE Group Hospitality from $5.00 to $3.50 and set a "neutral" rating on the stock in a research note on Monday, November 11th.

ONE Group Hospitality Stock Down 3.9 %

Shares of ONE Group Hospitality stock traded down $0.13 on Monday, hitting $3.22. The company had a trading volume of 200,538 shares, compared to its average volume of 132,603. ONE Group Hospitality has a twelve month low of $2.91 and a twelve month high of $6.45. 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 stock has a 50-day moving average of $3.45 and a 200-day moving average of $3.99. The firm has a market capitalization of $99.34 million, a P/E ratio of -4.19 and a beta of 2.37.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last released its earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share (EPS) for the quarter. The firm had revenue of $193.98 million for the quarter, compared to the consensus estimate of $217.95 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. Research analysts predict that ONE Group Hospitality will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of STKS. Nantahala Capital Management LLC grew its position in shares of ONE Group Hospitality by 119.6% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator's stock valued at $5,111,000 after acquiring an additional 654,818 shares during the period. American Century Companies Inc. increased its position in ONE Group Hospitality by 60.0% during the second quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator's stock worth $1,308,000 after buying an additional 115,394 shares during the last quarter. Panagora Asset Management Inc. raised its stake in ONE Group Hospitality by 79.5% in the second quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator's stock valued at $263,000 after buying an additional 27,354 shares during the period. Barclays PLC lifted its position in shares of ONE Group Hospitality by 94.4% in the third quarter. Barclays PLC now owns 46,508 shares of the restaurant operator's stock valued at $171,000 after buying an additional 22,580 shares during the last quarter. Finally, Zacks Investment Management increased its holdings in shares of ONE Group Hospitality by 10.0% during the 3rd quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator's stock worth $883,000 after acquiring an additional 21,855 shares during the last quarter. 29.14% of the stock is currently owned by institutional investors.

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.