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.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for One Group Hospitality Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for One Group Hospitality Inc and related companies with MarketBeat.com's FREE daily email newsletter.