Analysts expect The ONE Group Hospitality, Inc. (NASDAQ: STKS – Get Rating) to post $ 77.16 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for ONE Group Hospitality’s earnings. The lowest sales estimate is $ 76.60 million and the highest is $ 77.71 million. ONE Group Hospitality posted sales of $ 70.76 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9%. The business is expected to announce its next earnings report on Monday, January 1st.
On average, analysts expect that ONE Group Hospitality will report full year sales of $ 324.42 million for the current year, with estimates ranging from $ 320.50 million to $ 328.33 million. For the next fiscal year, analysts forecast that the company will post sales of $ 382.68 million, with estimates ranging from $ 380.90 million to $ 384.46 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover ONE Group Hospitality.
ONE Group Hospitality (NASDAQ: STKS – Get Rating) last posted its quarterly earnings results on Friday, May 6th. The restaurant operator reported $ 0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $ 0.13 by $ 0.02. ONE Group Hospitality had a net margin of 11.62% and a return on equity of 42.74%. During the same period last year, the business earned $ 0.05 EPS.
A number of research firms recently commented on STKS. Zacks Investment Research lowered shares of ONE Group Hospitality from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. StockNews.com lowered shares of ONE Group Hospitality from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company stock. Based on data from MarketBeat.com, ONE Group Hospitality has an average rating of “Hold” and a consensus target price of $ 17.00.
Several institutional investors have recently bought and sold shares of STKS. Metropolitan Life Insurance Co NY purchased a new position in the ONE Group Hospitality in the fourth quarter valued at about $ 26,000. Citigroup Inc. grew its stake in ONE Group Hospitality by 169.0% in the third quarter. Citigroup Inc. now owns 2,502 shares of the restaurant operator’s stock valued at $ 27,000 after purchasing an additional 1,572 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in ONE Group Hospitality by 170.0% in the third quarter. Advisor Group Holdings Inc. now owns 2,700 shares of the restaurant operator’s stock valued at $ 29,000 after purchasing an additional 1,700 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in ONE Group Hospitality by 427.6% in the third quarter. BNP Paribas Arbitrage SA now owns 3,973 shares of the restaurant operator’s stock valued at $ 42,000 after purchasing an additional 3,220 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its stake in ONE Group Hospitality by 85,916.7% in the first quarter. Meeder Asset Management Inc. now owns 5,161 shares of the restaurant operator’s stock valued at $ 54,000 after purchasing an additional 5,155 shares in the last quarter. Institutional investors and hedge funds own 37.11% of the company’s stock.
ONE Group Hospitality stock opened at $ 8.83 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 1.05. The firm has a market cap of $ 286.53 million, a price-to-earnings ratio of 8.57 and a beta of 2.41. ONE Group Hospitality has a 1 year low of $ 7.80 and a 1 year high of $ 16.44. The firm’s 50 day moving average price is $ 10.06 and its two-hundred day moving average price is $ 11.89.
About ONE Group Hospitality (Get Rating)
The ONE Group Hospitality, Inc, a hospitality company, develops, owns, operates, manages, and licenses restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.
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