ONE Group Hospitality (NASDAQ:STKS) Price Target Cut to $3.50 by Analysts at Wedbush

ONE Group Hospitality (NASDAQ:STKS) had its price objective reduced by Wedbush from $5.00 to $3.50 in a report issued on Monday morning,Benzinga reports. Wedbush currently has a neutral rating on the restaurant operator’s stock. Wedbush also issued estimates for ONE Group Hospitality’s Q4 2024 earnings at $0.12 EPS, FY2024 earnings at ($0.10) 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.

STKS has been the subject of several other research reports. StockNews.com downgraded shares of ONE Group Hospitality from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Stephens restated an “overweight” rating and issued a $9.00 target price on shares of ONE Group Hospitality in a research report on Wednesday, August 7th.

ONE Group Hospitality Stock Down 3.9 %

NASDAQ:STKS opened at $2.98 on Monday. The company has a market capitalization of $91.93 million, a price-to-earnings ratio of -3.73 and a beta of 2.40. ONE Group Hospitality has a one year low of $2.96 and a one year high of $6.45. The stock has a 50-day simple moving average of $3.51 and a 200 day simple moving average of $4.24. 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 (NASDAQ:STKS) last posted its quarterly earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) EPS for the quarter. The firm had revenue of $193.98 million during 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%. Sell-side analysts predict that ONE Group Hospitality will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On ONE Group Hospitality

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in ONE Group Hospitality by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,473,534 shares of the restaurant operator’s stock worth $8,208,000 after acquiring an additional 9,267 shares in the last quarter. Nantahala Capital Management LLC raised its position in ONE Group Hospitality by 119.6% in the second quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock worth $5,111,000 after acquiring an additional 654,818 shares in the last quarter. First Eagle Investment Management LLC raised its position in ONE Group Hospitality by 9.6% in the first quarter. First Eagle Investment Management LLC now owns 977,045 shares of the restaurant operator’s stock worth $5,442,000 after acquiring an additional 85,948 shares in the last quarter. Meros Investment Management LP raised its position in ONE Group Hospitality by 1.6% in the second quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock worth $2,960,000 after acquiring an additional 10,954 shares in the last quarter. Finally, American Century Companies Inc. raised its position 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 worth $1,308,000 after acquiring an additional 115,394 shares in the last quarter. 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.