Wedbush Lowers ONE Group Hospitality (NASDAQ:STKS) Price Target to $3.50

ONE Group Hospitality (NASDAQ:STKS - Free Report) had its price target cut by Wedbush from $5.00 to $3.50 in a research report report published on Monday,Benzinga reports. They currently have a neutral rating on the restaurant operator's stock.

A number of other analysts also recently commented on the company. StockNews.com downgraded ONE Group Hospitality from a "hold" rating to a "sell" rating in a research report on Friday, August 9th. Stephens reissued an "overweight" rating and issued a $9.00 price target on shares of ONE Group Hospitality in a report on Wednesday, August 7th.

ONE Group Hospitality Price Performance

STKS traded down $0.04 during trading on Monday, reaching $3.15. 121,559 shares of the stock were exchanged, compared to its average volume of 132,066. The business's 50 day moving average price is $3.54 and its two-hundred day moving average price is $4.27. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.63 and a quick ratio of 0.55. The company has a market capitalization of $98.12 million, a price-to-earnings ratio of -3.96 and a beta of 2.40. ONE Group Hospitality has a 1 year low of $3.06 and a 1 year high of $6.45.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last posted its earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) EPS for the quarter. The firm had revenue of $193.98 million for the quarter, compared to analysts' expectations of $217.95 million. ONE Group Hospitality had a positive return on equity of 14.72% and a negative net margin of 2.45%. As a group, equities research analysts anticipate that ONE Group Hospitality will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On ONE Group Hospitality

Institutional investors have recently added to or reduced their stakes in the business. Legato Capital Management LLC acquired a new position in ONE Group Hospitality in the second quarter valued at $45,000. Stoneridge Investment Partners LLC acquired a new position in ONE Group Hospitality in the third quarter valued at $44,000. GSA Capital Partners LLP acquired a new position in ONE Group Hospitality in the third quarter valued at $54,000. Panagora Asset Management Inc. increased 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 purchasing an additional 27,354 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in ONE Group Hospitality by 60.0% in the second quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator's stock valued at $1,308,000 after purchasing an additional 115,394 shares during the last quarter. 29.14% of the stock is currently owned by institutional investors and hedge funds.

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.