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

Zacks Investment Research cut shares of One Group Hospitality Inc (OTCMKTS:STKS) from a hold rating to a sell rating in a research note released on Thursday.

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. “

Shares of One Group Hospitality (OTCMKTS:STKS) opened at 2.02 on Thursday. One Group Hospitality has a 12-month low of $1.47 and a 12-month high of $3.43. The stock’s market cap is $50.78 million. The company’s 50-day moving average price is $2.05 and its 200 day moving average price is $1.97.

One Group Hospitality (OTCMKTS:STKS) last issued its quarterly earnings results on Monday, May 15th. The restaurant operator reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. The firm had revenue of $20.43 million during the quarter, compared to analyst estimates of $18.84 million. One Group Hospitality had a negative return on equity of 14.95% and a negative net margin of 2.41%. On average, equities analysts predict that One Group Hospitality will post $0.12 earnings per share for the current year.

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One Group Hospitality Company Profile

The ONE Group Hospitality, Inc, formerly Committed Capital Acquisition Corporation, is a hospitality company. The Company develops, owns and operates restaurants and lounges, and provides food and beverage services for hospitality venues, including hotels, casinos and other locations across the globe.

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