
ONE Group Hospitality (NASDAQ:STKS) Announces Earnings Results

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ONE Group Hospitality (NASDAQ:STKS) reported quarterly earnings of ($0.20) per share, missing estimates of $0.12. Revenue was $212.82 million, below expectations of $218.55 million. The company had a negative return on equity of 57% and a net margin of -11.45%. Despite mixed comparable sales, management noted improvements and strong bookings for upcoming holidays. The company is optimizing its portfolio and reducing debt, with a focus on capital discipline. Institutional investors have increased their holdings, and analysts have mixed ratings on the stock, with an average target price of $4.50.
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