One Group Hospitality (NASDAQ:STKS) Share Price Passes Above Two Hundred Day Moving Average of $0.00

One Group Hospitality Inc (NASDAQ:STKS)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $3.21. One Group Hospitality shares last traded at $3.19, with a volume of 300 shares traded.

STKS has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of One Group Hospitality from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. TheStreet cut shares of One Group Hospitality from a “b-” rating to a “c” rating in a research report on Thursday, May 16th. ValuEngine cut shares of One Group Hospitality from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Finally, Loop Capital assumed coverage on shares of One Group Hospitality in a research report on Thursday, April 4th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $4.08.

The company has a debt-to-equity ratio of 4.82, a quick ratio of 0.47 and a current ratio of 0.54. The company has a market cap of $91.32 million, a PE ratio of 22.79 and a beta of 0.73. The business’s 50-day moving average price is $3.30.

One Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings data on Thursday, May 9th. The restaurant operator reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The firm had revenue of $22.78 million during the quarter, compared to analysts’ expectations of $21.80 million. One Group Hospitality had a net margin of 4.39% and a return on equity of 37.64%. As a group, analysts expect that One Group Hospitality Inc will post 0.18 earnings per share for the current year.

An institutional investor recently raised its position in One Group Hospitality stock. Vanguard Group Inc. raised its stake in One Group Hospitality Inc (NASDAQ:STKS) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,662 shares of the restaurant operator’s stock after acquiring an additional 24,878 shares during the quarter. Vanguard Group Inc. owned about 1.16% of One Group Hospitality worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission. 2.83% of the stock is owned by institutional investors and hedge funds.

One Group Hospitality Company Profile (NASDAQ:STKS)

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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