Stephens Reiterates Overweight Rating for ONE Group Hospitality (NASDAQ:STKS)

Stephens reiterated their overweight rating on shares of ONE Group Hospitality (NASDAQ:STKS) in a research report report published on Monday,Benzinga reports. They currently have a $6.00 price target on the restaurant operator’s stock.

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

ONE Group Hospitality Stock Up 7.5 %

NASDAQ:STKS opened at $3.42 on Monday. The company’s 50-day simple moving average is $3.11 and its 200-day simple moving average is $3.62. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52. ONE Group Hospitality has a fifty-two week low of $2.68 and a fifty-two week high of $6.10.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $217.95 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. On average, equities analysts forecast that ONE Group Hospitality will post 0.04 EPS for the current year.

Institutional Investors Weigh In On ONE Group Hospitality

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of ONE Group Hospitality by 53.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 5,497 shares during the period. Meros Investment Management LP grew its stake in ONE Group Hospitality by 1.6% during the 2nd quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock valued at $2,960,000 after purchasing an additional 10,954 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of ONE Group Hospitality in the third quarter worth about $44,000. GSA Capital Partners LLP acquired a new stake in shares of ONE Group Hospitality during the third quarter worth about $54,000. Finally, Zacks Investment Management lifted its holdings in shares of 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 period. 29.14% of the stock is currently owned by institutional investors and hedge funds.

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.