In a report released today, Mark Smith from Lake Street maintained a Buy rating on The ONE Group Hospitality (STKS – Research Report), with a price target of $11.00. The company’s shares closed yesterday at $4.60.
According to TipRanks, Smith is a 5-star analyst with an average return of 17.6% and a 47.25% success rate. Smith covers the Consumer Cyclical sector, focusing on stocks such as Clarus, Potbelly, and Vista Outdoor.
The ONE Group Hospitality has an analyst consensus of Moderate Buy, with a price target consensus of $11.00.
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Based on The ONE Group Hospitality’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $83.39 million and a net profit of $568 thousand. In comparison, last year the company earned a revenue of $81.13 million and had a net profit of $4.3 million
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The ONE Group Hospitality (STKS) Company Description:
The ONE Group Hospitality, Inc. engages in the development, owning, and management of restaurants and lounges. It operates through the following segments: Owned Restaurants; Owned Food, Beverage, and Other; and Managed and Licensed Operations. The Owned Restaurant segment consists of leased restaurant locations and competes in the full-service dining industry. The Owned Food, Beverage, and Other segment comprises operations such as leased restaurant location and food and beverage agreement at the same location, hotel, and offsite banquet offerings. The Managed and Licensed Operations segment includes operations for which a management, incentive, and license fee is received. The company was founded by Jonathan Segal on December 3, 2004 and is headquartered in New York, NY.
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