One Group Hospitality price target lowered to $5 from $6 at Stephens

Stephens lowered the firm’s price target on One Group Hospitality (STKS) to $5 from $6 and keeps an Overweight rating on the shares. The firm notes the company reported Q4 results that were in line with pre-released results at ICR. That said, the company unveiled its FY25 guidance for the first time, which points to a modest sequential same-store sales build throughout the year, Stephens adds. Heightened economic uncertainty has led to declining consumer confidence, which could pressure restaurant traffic trends throughout the year, but the firm believes the acquisition of Benihana and RA Sushi fit nicely with the experiential STK portfolio providing synergies and scale.