Kanen Wealth Management LLC Has $18.73 Million Holdings in The ONE Group Hospitality, Inc. $STKS

Key Points

• Kanen Wealth Management LLC reduced its stake in The ONE Group Hospitality by 2.5%, now holding approximately 4.67 million shares worth about $18.73 million.
• Several institutional investors, including Bank of America and Deutsche Bank, have increased their positions in ONE Group Hospitality, indicating growing interest in the company.
• ONE Group Hospitality missed earnings estimates for the last quarter, reporting an EPS of $0.05 compared to the expected $0.08, resulting in analysts adjusting their target ratings for the stock.

Kanen Wealth Management LLC decreased its holdings in The ONE Group Hospitality, Inc. (NASDAQ:STKS - Free Report) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,674,079 shares of the restaurant operator's stock after selling 121,496 shares during the quarter. ONE Group Hospitality makes up about 7.1% of Kanen Wealth Management LLC's investment portfolio, making the stock its 6th largest position. Kanen Wealth Management LLC owned approximately 15.13% of ONE Group Hospitality worth $18,726,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE raised its position in ONE Group Hospitality by 18.7% in the 4th quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator's stock valued at $101,000 after purchasing an additional 5,477 shares during the last quarter. Nuveen LLC bought a new position in ONE Group Hospitality in the 1st quarter valued at $153,000. Jane Street Group LLC raised its position in ONE Group Hospitality by 205.3% in the 4th quarter. Jane Street Group LLC now owns 65,539 shares of the restaurant operator's stock valued at $190,000 after purchasing an additional 44,073 shares during the last quarter. Deutsche Bank AG raised its position in ONE Group Hospitality by 839.5% in the 4th quarter. Deutsche Bank AG now owns 69,108 shares of the restaurant operator's stock valued at $200,000 after purchasing an additional 61,752 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new position in ONE Group Hospitality in the 1st quarter valued at $252,000. Institutional investors own 29.14% of the company's stock.

Insider Transactions at ONE Group Hospitality

In other ONE Group Hospitality news, insider David Kanen sold 160,000 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $4.70, for a total value of $752,000.00. Following the completion of the transaction, the insider directly owned 1,823,266 shares of the company's stock, valued at approximately $8,569,350.20. The trade was a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 350,091 shares of company stock valued at $1,669,918 over the last ninety days. 19.70% of the stock is currently owned by insiders.

ONE Group Hospitality Stock Up 1.6%

NASDAQ:STKS opened at $2.51 on Tuesday. The ONE Group Hospitality, Inc. has a 1 year low of $2.37 and a 1 year high of $5.26. The company has a current ratio of 0.35, a quick ratio of 0.28 and a debt-to-equity ratio of 16.52. The stock has a market cap of $77.71 million, a price-to-earnings ratio of -1.67, a PEG ratio of 0.39 and a beta of 1.98. The stock has a 50-day moving average price of $2.92 and a two-hundred day moving average price of $3.26.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The restaurant operator reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). ONE Group Hospitality had a negative net margin of 1.91% and a positive return on equity of 69.82%. The business had revenue of $203.91 million during the quarter, compared to analyst estimates of $207.95 million. ONE Group Hospitality has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts expect that The ONE Group Hospitality, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wall Street Zen downgraded ONE Group Hospitality from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Piper Sandler dropped their target price on ONE Group Hospitality from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Finally, Zacks Research upgraded ONE Group Hospitality from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $4.63.

About ONE Group Hospitality

The ONE Group Hospitality, Inc, a restaurant company, develops, owns, operates, manages, and licenses restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.

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