One Group Hospitality (STKS) Now Covered by Analysts at Loop Capital

Stock analysts at Loop Capital initiated coverage on shares of One Group Hospitality (NASDAQ:STKS) in a research note issued on Thursday, April 4th, The Fly reports. The brokerage set a “buy” rating on the restaurant operator’s stock.

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of One Group Hospitality from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research upgraded shares of One Group Hospitality from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a research note on Thursday, February 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.08.

One Group Hospitality stock traded down $0.08 during trading on Thursday, reaching $3.06. 500 shares of the company’s stock were exchanged, compared to its average volume of 17,433. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.59. One Group Hospitality has a 52-week low of $1.87 and a 52-week high of $3.68. The stock has a market cap of $89.89 million, a price-to-earnings ratio of 25.33 and a beta of 0.51.

One Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings results on Thursday, March 28th. The restaurant operator reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $25.81 million during the quarter, compared to analysts’ expectations of $25.00 million. One Group Hospitality had a net margin of 3.82% and a return on equity of 36.97%. Analysts forecast that One Group Hospitality will post 0.18 earnings per share for the current year.

An institutional investor recently raised its position in One Group Hospitality stock. Vanguard Group Inc grew its stake in One Group Hospitality Inc (NASDAQ:STKS) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 328,662 shares of the restaurant operator’s stock after purchasing an additional 24,878 shares during the quarter. Vanguard Group Inc owned approximately 1.16% of One Group Hospitality worth $1,160,000 as of its most recent filing with the SEC. Institutional investors own 2.97% of the company’s stock.

One Group Hospitality Company Profile

The ONE Group Hospitality, Inc, a hospitality company, develops, owns, and operates restaurants and lounges worldwide. It operates in three segments: Owned Restaurants; Owned Food, Beverage and Other; and Managed and Licensed Operations. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.

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