Wedbush Has Pessimistic Outlook of STKS FY2024 Earnings

The ONE Group Hospitality, Inc. (NASDAQ:STKS - Free Report) - Equities research analysts at Wedbush cut their FY2024 earnings estimates for ONE Group Hospitality in a note issued to investors on Monday, November 11th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings of ($0.10) per share for the year, down from their prior forecast of $0.51. Wedbush has a "Neutral" rating and a $3.50 price target on the stock. The consensus estimate for ONE Group Hospitality's current full-year earnings is $0.20 per share. Wedbush also issued estimates for ONE Group Hospitality's Q4 2024 earnings at $0.12 EPS, Q1 2025 earnings at ($0.03) EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at ($0.27) EPS, Q4 2025 earnings at $0.14 EPS and FY2025 earnings at ($0.09) EPS.

Several other research firms have also recently weighed in on STKS. StockNews.com cut ONE Group Hospitality from a "hold" rating to a "sell" rating in a research note on Friday, August 9th. Stephens restated an "overweight" rating and set a $9.00 price objective on shares of ONE Group Hospitality in a research report on Wednesday, August 7th.

ONE Group Hospitality Stock Up 0.6 %

Shares of NASDAQ:STKS traded up $0.02 on Wednesday, hitting $3.10. 151,029 shares of the company's stock were exchanged, compared to its average volume of 132,320. ONE Group Hospitality has a 1-year low of $3.03 and a 1-year high of $6.45. The company has a market capitalization of $95.65 million, a PE ratio of -3.80 and a beta of 2.40. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52. The firm's 50-day moving average is $3.53 and its 200 day moving average is $4.26.

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. The firm had revenue of $193.98 million for the quarter, compared to analyst estimates of $217.95 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%.

Institutional Investors Weigh In On ONE Group Hospitality

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STKS. Stoneridge Investment Partners LLC acquired a new position in shares of ONE Group Hospitality in the 3rd quarter valued at $44,000. Legato Capital Management LLC purchased a new position in ONE Group Hospitality during the 2nd quarter worth $45,000. 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 period. Finally, American Century Companies Inc. raised its holdings in shares of 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 buying an additional 115,394 shares during the last quarter. Hedge funds and other institutional investors own 29.14% of the company's stock.

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.