Analysts Predict The ONE Group Hospitality, Inc. (NASDAQ: STKS) to Announce EPS of $ 0.20
Wall Street brokerages expect The ONE Group Hospitality, Inc. (NASDAQ: STKS) to report earnings of $ 0.20 per share for the current quarter, according to Zack. Two analysts estimated ONE Group Hospitality’s earnings, with the lower estimate of EPS at $ 0.18 and the higher estimate at $ 0.21. ONE Group Hospitality reported earnings per share of $ 0.02 for the same quarter last year, suggesting a positive year-over-year growth rate of 900%. The company is expected to release its next quarterly results on Friday, March 18.
On average, analysts predict ONE Group Hospitality will report annual earnings of $ 0.55 per share for the current fiscal year, with EPS estimates ranging from $ 0.53 to $ 0.56. For the next fiscal year, analysts expect the company to post earnings of $ 0.75 per share, with EPS estimates ranging from $ 0.72 to $ 0.77. Zacks Investment Research EPS averages are an average based on a survey of seller-side research companies that follow ONE Group Hospitality.
ONE Group Hospitality (NASDAQ: STKS) last released its quarterly results on Thursday, November 4. The restaurateur reported earnings per share (EPS) of $ 0.11 for the quarter, missing the consensus estimate of $ 0.20 of ($ 0.09). The company posted revenue of $ 71.87 million for the quarter, compared to a consensus estimate of $ 70.70 million. ONE Group Hospitality recorded a return on equity of 35.42% and a net margin of 8.86%. In the same quarter of last year, the company posted EPS of $ 0.02.
Several research analysts recently weighed in on STKS stocks. Piper Sandler downgraded ONE Group Hospitality from “neutral” to “overweight” and raised its price target for the stock from $ 12.00 to $ 17.00 in a research report on Monday 20 September. Zacks investment research downgraded ONE Group Hospitality from a “keep” rating to a “sell” rating in a research report released on Saturday, November 20. Finally, Wedbush began covering ONE Group Hospitality in a research report on Tuesday, January 4. They issued an “outperformance” rating and a target price of $ 20.00 for the company. One equity research analyst rated the stock with a sell rating and four gave the company a buy rating. According to MarketBeat.com, ONE Group Hospitality has a consensus rating of “Buy” and a consensus target price of $ 15.60.
STKS shares traded down $ 0.24 during trading hours on Friday, reaching $ 12.60. 114,378 shares of the company were traded, for an average volume of 128,296. The company has a market capitalization of $ 404.56 million, a PE ratio of 21.00 and a beta of 2.55. The company has a leverage ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.88. ONE Group Hospitality has a minimum of $ 3.30 over 52 weeks and a maximum of $ 16.44 over 52 weeks. The company’s 50-day moving average is $ 13.41 and its 200-day moving average is $ 11.74.
In other ONE Group Hospitality news, Director Eugene M. Bullis bought 7,500 shares in a trade on Friday, December 17. The shares were purchased at an average price of $ 11.92 per share, for a total value of $ 89,400.00. The transaction has been disclosed in a legal file with the SEC, which is available through the SEC website. In addition, director Eugene M. Bullis bought 2,500 shares in a trade on Tuesday, November 16. The shares were acquired at an average cost of $ 14.86 per share, for a total transaction of $ 37,150.00. Disclosure of this purchase can be found here. 23.20% of the shares are currently held by insiders.
A number of hedge funds have recently changed their holdings in the company. BlackRock Inc. increased its stake in ONE Group Hospitality shares by 5.3% in the third quarter. BlackRock Inc. now owns 1,044,512 restaurateur shares valued at $ 11,166,000 after purchasing an additional 52,869 shares during the period. Vanguard Group Inc. increased its stake in ONE Group Hospitality shares by 29.4% in the second quarter. Vanguard Group Inc. now owns 999,285 restaurateur shares valued at $ 11,012,000 after purchasing an additional 226,839 shares during the period. Hillsdale Investment Management Inc. increased its stake in ONE Group Hospitality shares by 0.3% in the third quarter. Hillsdale Investment Management Inc. now owns 360,947 restaurateur shares valued at $ 3,859,000 after purchasing an additional 1,100 shares during the period. Geode Capital Management LLC increased its stake in the shares of ONE Group Hospitality by 3.9% in the third quarter. Geode Capital Management LLC now owns 349,026 restaurateur shares worth $ 3,731,000 after purchasing an additional 12,954 shares during the period. Finally, the Royal Bank of Canada increased its stake in the shares of ONE Group Hospitality by 176.3% in the second quarter. Royal Bank of Canada now owns 290,087 Restaurateur shares valued at $ 3,198,000 after purchasing an additional 185,087 shares during the period. 47.34% of the shares are currently held by institutional investors and hedge funds.
About ONE Group Hospitality
The ONE Group Hospitality, Inc is engaged in the development, ownership and management of restaurants and lounges. It operates through the following segments: STK, Kona Grill, ONE Hospitality and Corporate. The STK segment comprises the operating results of STK restaurants, competitors in the full-service restaurant industry, as well as management and licensing.
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