Wedbush Sticks to Their Buy Rating for The ONE Group Hospitality (STKS)

Wedbush analyst Nick Setyan maintained a Buy rating on The ONE Group Hospitality (STKSResearch Report) today and set a price target of $7.50. The company’s shares opened today at $6.51.

According to TipRanks, Setyan is a 4-star analyst with an average return of 6.4% and a 45.94% success rate. Setyan covers the Services sector, focusing on stocks such as Jack In The Box, Papa John’s International, and Starbucks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for The ONE Group Hospitality with a $7.50 average price target.

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The company has a one-year high of $16.44 and a one-year low of $6.37. Currently, The ONE Group Hospitality has an average volume of 121.9K.

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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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