One Group Hospitality (NASDAQ:STKS) Downgraded to Sell at ValuEngine

ValuEngine lowered shares of One Group Hospitality (NASDAQ:STKS) from a hold rating to a sell rating in a research note published on Tuesday, ValuEngine reports.

STKS has been the topic of a number of other reports. Zacks Investment Research upgraded shares of One Group Hospitality from a hold rating to a buy rating and set a $3.75 price objective on the stock in a report on Tuesday, November 12th. Piper Jaffray Companies cut shares of One Group Hospitality from an overweight rating to a neutral rating and dropped their target price for the company from $5.00 to $4.00 in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. One Group Hospitality currently has a consensus rating of Hold and a consensus target price of $3.88.

NASDAQ STKS traded down $0.11 during trading hours on Tuesday, reaching $3.15. 36,144 shares of the company’s stock were exchanged, compared to its average volume of 36,701. The company has a debt-to-equity ratio of 4.84, a quick ratio of 0.76 and a current ratio of 0.87. The company has a market capitalization of $92.68 million, a price-to-earnings ratio of 26.58 and a beta of 0.68. The company’s 50-day moving average is $2.96 and its two-hundred day moving average is $3.09. One Group Hospitality has a one year low of $1.87 and a one year high of $4.00.

One Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings results on Thursday, November 7th. The restaurant operator reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). One Group Hospitality had a net margin of 4.41% and a return on equity of 36.67%. The company had revenue of $22.11 million during the quarter, compared to the consensus estimate of $21.90 million. Research analysts predict that One Group Hospitality will post 0.19 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ridgewood Investments LLC bought a new position in One Group Hospitality during the third quarter worth $140,000. BlackRock Inc. raised its holdings in One Group Hospitality by 122.9% in the 2nd quarter. BlackRock Inc. now owns 86,679 shares of the restaurant operator’s stock valued at $278,000 after acquiring an additional 47,797 shares during the period. Finally, Vanguard Group Inc. raised its holdings in One Group Hospitality by 84.0% in the 2nd quarter. Vanguard Group Inc. now owns 713,107 shares of the restaurant operator’s stock valued at $2,282,000 after acquiring an additional 325,536 shares during the period. Institutional investors and hedge funds own 4.55% of the company’s stock.

About One Group Hospitality

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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