Zacks Research Upgrades ONE Group Hospitality (NASDAQ:STKS) to “Hold”

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

Other equities analysts also recently issued reports about the company. Weiss Ratings upgraded ONE Group Hospitality from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Piper Sandler lowered their price target on ONE Group Hospitality from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, August 10th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.00.

ONE Group Hospitality Stock Up 0.6%

STKS opened at $1.55 on Monday. The firm has a market cap of $49.12 million, a P/E ratio of -0.41 and a beta of 1.35. The business’s fifty day simple moving average is $1.67 and its 200 day simple moving average is $1.79. ONE Group Hospitality has a 52 week low of $1.50 and a 52 week high of $2.91.

Institutional Trading of ONE Group Hospitality

Large investors have recently bought and sold shares of the company. Nantahala Capital Management LLC acquired a new stake in ONE Group Hospitality in the second quarter valued at $4,263,379. BlackRock Inc. acquired a new position in ONE Group Hospitality during the 2nd quarter worth $905,000. Piedmont Capital Management LLC NC acquired a new position in ONE Group Hospitality during the 4th quarter worth $104,000. Finally, Bank of America Corp DE bought a new stake in shares of ONE Group Hospitality in the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 29.14% of the company’s stock.

ONE Group Hospitality Company Profile

ONE Group Hospitality, Inc is a hospitality company that develops, owns, manages and licenses upscale restaurants and entertainment-focused dining venues. Its portfolio is centered on experiential dining concepts designed to combine food, beverage and nightlife.

The company’s principal brands include STK Steakhouse, an upscale steakhouse concept known for combining traditional steakhouse dining with a lively, contemporary atmosphere, and Kona Grill, which offers American cuisine, sushi, seafood and a full-service bar in a polished casual setting.