ONE Group Hospitality (NASDAQ:STKS) Upgraded by Zacks Research to Hold Rating

ONE Group Hospitality (NASDAQ:STKS) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

ONE Group Hospitality Stock Performance

Shares of STKS opened at $1.85 on Tuesday. The stock has a 50 day simple moving average of $1.90 and a 200 day simple moving average of $1.95. ONE Group Hospitality has a 52-week low of $1.65 and a 52-week high of $4.83. The firm has a market capitalization of $58.39 million, a PE ratio of -0.46 and a beta of 1.33.

ONE Group Hospitality (NASDAQ:STKS) last announced its earnings results on Wednesday, May 6th. The restaurant operator reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.32). The company had revenue of $212.82 million for the quarter, compared to analyst estimates of $218.55 million. ONE Group Hospitality had a negative return on equity of 6.77% and a negative net margin of 11.15%. Equities research analysts predict that ONE Group Hospitality will post -0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of STKS. Group One Trading LLC grew its position in ONE Group Hospitality by 18,965.0% in the third quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 18,965 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in ONE Group Hospitality in the third quarter valued at $97,000. Qube Research & Technologies Ltd bought a new position in shares of ONE Group Hospitality in the 2nd quarter valued at about $132,000. Vanguard Group Inc. increased its position in ONE Group Hospitality by 1.2% during the third quarter. Vanguard Group Inc. now owns 1,227,751 shares of the restaurant operator’s stock worth $3,634,000 after buying an additional 14,765 shares during the last quarter. Finally, CastleKnight Management LP lifted its stake in shares of ONE Group Hospitality by 4.7% during the 4th quarter. CastleKnight Management LP now owns 1,286,991 shares of the restaurant operator’s stock worth $2,252,000 after buying an additional 58,015 shares during the last quarter. 29.14% of the stock is currently owned by institutional investors.

About ONE Group Hospitality

ONE Group Hospitality Inc is a full-service hospitality company primarily engaged in the development, ownership and operation of upscale restaurant and lounge concepts. The company’s flagship brand, STK, combines a modern steakhouse menu with a high-energy lounge atmosphere, offering signature cuts of beef, fresh seafood, sushi selections, craft cocktails and an extensive wine program. ONE Group’s concept emphasizes a seamless blend of fine dining and nightlife, catering to guests seeking both culinary excellence and an immersive social experience.

Headquartered in El Segundo, California, ONE Group deploys a mixed model of company-owned and franchised locations across multiple markets.