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

Zacks Research upgraded shares of ONE Group Hospitality (NASDAQ:STKS) from a strong sell rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

ONE Group Hospitality Stock Down 2.1%

Shares of NASDAQ STKS opened at $1.85 on Tuesday. The firm’s 50-day moving average price is $1.90 and its two-hundred day moving average price is $1.95. ONE Group Hospitality has a 52-week low of $1.65 and a 52-week high of $4.83. The stock has a market capitalization of $58.39 million, a P/E ratio of -0.46 and a beta of 1.33.

ONE Group Hospitality (NASDAQ:STKS) last posted 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 the consensus estimate of $218.55 million. ONE Group Hospitality had a negative net margin of 11.15% and a negative return on equity of 6.77%. As a group, equities research analysts expect that ONE Group Hospitality will post -0.69 earnings per share for the current year.

Institutional Investors Weigh In On ONE Group Hospitality

A number of hedge funds have recently added to or reduced their stakes in STKS. Group One Trading LLC boosted its holdings in shares of ONE Group Hospitality by 18,965.0% during the third quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock valued at $56,000 after acquiring an additional 18,965 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of ONE Group Hospitality in the 2nd quarter worth about $132,000. Squarepoint Ops LLC acquired a new stake in shares of ONE Group Hospitality in the 3rd quarter worth about $97,000. Bank of America Corp DE lifted its position in ONE Group Hospitality by 18.7% in the 4th quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 5,477 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in ONE Group Hospitality during the 3rd quarter valued at about $170,000. 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.