Zacks Investment Research Lowers One Group Hospitality (NASDAQ:STKS) to Sell

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Zacks Investment Research downgraded shares of One Group Hospitality (NASDAQ:STKS) from a hold rating to a sell rating in a research report released on Tuesday, Zacks.com reports.

According to Zacks, “The ONE Group Hospitality, Inc. operates as a hospitality company. The Company develops, manages and operates a portfolio of high-energy restaurants, lounges and bars. It also provides food and beverage hospitality solutions. The Company’s primary restaurant brand is STK, which is a steakhouse concept with locations in metropolitan cities throughout the United States and in London. It provides ONE Hospitality, a signature turn-key food and beverage service for hospitality venues including, hotels, casinos and other high-end locations both nationally and internationally. The ONE Group Hospitality, Inc. is headquartered in New York. “

A number of other analysts have also commented on the stock. TheStreet raised shares of One Group Hospitality from a d+ rating to a c- rating in a report on Monday, May 18th. ValuEngine raised shares of One Group Hospitality from a hold rating to a buy rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $2.81.

STKS stock opened at $1.34 on Tuesday. The company has a debt-to-equity ratio of 4.86, a current ratio of 0.78 and a quick ratio of 0.67. The company has a 50 day moving average price of $1.61 and a 200 day moving average price of $2.29. One Group Hospitality has a fifty-two week low of $0.73 and a fifty-two week high of $4.68. The stock has a market capitalization of $38.92 million, a PE ratio of 2.63 and a beta of 1.85.

One Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings data on Monday, May 11th. The restaurant operator reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.09). One Group Hospitality had a return on equity of 2.29% and a net margin of 11.09%. The company had revenue of $40.72 million during the quarter, compared to the consensus estimate of $20.10 million. As a group, equities analysts expect that One Group Hospitality will post -0.45 earnings per share for the current fiscal year.

In other news, major shareholder David Kanen sold 36,313 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1.71, for a total value of $62,095.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 29.60% of the stock is owned by insiders.

An institutional investor recently bought a new position in One Group Hospitality stock. GM Advisory Group Inc. purchased a new stake in One Group Hospitality Inc (NASDAQ:STKS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 487,122 shares of the restaurant operator’s stock, valued at approximately $628,000. GM Advisory Group Inc. owned 1.68% of One Group Hospitality as of its most recent SEC filing. Hedge funds and other institutional investors own 7.83% 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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