Last Updated: 13 Nov 2024
Executive Summary
One Group Hospitality Inc. (STKS) is a hospitality company that develops, owns, operates, manages, and licenses restaurants and lounges globally. The company's latest stock price is $3.08. Analysts have a strong buy rating on the stock, with a target price of $6.00.
Company Overview
One Group Hospitality Inc. was founded in 2006 and is headquartered in Denver, Colorado. The company operates a portfolio of over 200 restaurants and lounges in the United States, Canada, and the United Kingdom. The company's brands include STK, Kona Grill, and Boathouse.
Fundamental Analysis
One Group Hospitality Inc.'s financial performance has been mixed in recent years. The company's revenue has grown steadily, but its profitability has declined. In 2023, the company reported revenue of $541.4 million and a net loss of $14.9 million. The company's gross profit margin has declined from 15.4% in 2021 to 12.3% in 2023. The company's operating margin has also declined from 4.7% in 2021 to 2.1% in 2023.
Technical Analysis
One Group Hospitality Inc.'s stock price has been in a downtrend since early 2023. The stock price has fallen from a high of $6.45 in January 2023 to a low of $3.05 in September 2023. The stock price is currently trading below its 50-day and 200-day moving averages.
Short Term Outlook
One Group Hospitality Inc.'s stock price is likely to remain under pressure in the short term. The company's financial performance has been weak, and the stock price is trading below its moving averages. Investors should avoid buying the stock until the company's financial performance improves.
Long Term Outlook
One Group Hospitality Inc.'s long-term outlook is more positive. The company's brands are well-known, and the company has a strong track record of growth. The company's financial performance is likely to improve as the economy recovers. Investors should consider buying the stock for the long term.
Analyst Recommendations
Analysts have a strong buy rating on One Group Hospitality Inc.'s stock. The analysts believe that the company's stock is undervalued and that the company's financial performance is likely to improve in the long term. The analysts have a target price of $6.00 for the stock.
