Repertoire Partners LP Acquires New Shares in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

Repertoire Partners LP acquired a new position in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 76,108 shares of the restaurant operator's stock, valued at approximately $221,000. ONE Group Hospitality accounts for about 0.1% of Repertoire Partners LP's holdings, making the stock its 12th largest position. Repertoire Partners LP owned approximately 0.25% of ONE Group Hospitality at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Nantahala Capital Management LLC raised its holdings in shares of ONE Group Hospitality by 23.9% in the 4th quarter. Nantahala Capital Management LLC now owns 2,087,394 shares of the restaurant operator's stock worth $6,053,000 after purchasing an additional 403,321 shares in the last quarter. CastleKnight Management LP boosted its stake in shares of ONE Group Hospitality by 9.4% during the 4th quarter. CastleKnight Management LP now owns 1,172,074 shares of the restaurant operator's stock valued at $3,399,000 after buying an additional 100,300 shares during the period. McGowan Group Asset Management Inc. acquired a new position in ONE Group Hospitality in the 4th quarter worth about $2,204,000. Geode Capital Management LLC lifted its stake in ONE Group Hospitality by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 506,337 shares of the restaurant operator's stock valued at $1,469,000 after acquiring an additional 8,162 shares during the last quarter. Finally, Northern Trust Corp increased its position in ONE Group Hospitality by 3.5% during the fourth quarter. Northern Trust Corp now owns 190,869 shares of the restaurant operator's stock worth $554,000 after buying an additional 6,520 shares during the last quarter. Institutional investors own 29.14% of the company's stock.

ONE Group Hospitality Stock Down 15.6%

ONE Group Hospitality stock opened at $3.63 on Wednesday. The stock has a market cap of $112.18 million, a P/E ratio of -4.54 and a beta of 1.97. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 6.73. The ONE Group Hospitality, Inc. has a twelve month low of $2.37 and a twelve month high of $5.55. The company's 50-day moving average price is $3.11 and its two-hundred day moving average price is $3.16.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The restaurant operator reported $0.14 EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.32. The business had revenue of $211.13 million during the quarter, compared to the consensus estimate of $202.87 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. As a group, analysts expect that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current year.

Insider Activity at ONE Group Hospitality

In other news, CFO Tyler Loy bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average cost of $2.55 per share, with a total value of $25,500.00. Following the transaction, the chief financial officer now directly owns 220,246 shares of the company's stock, valued at approximately $561,627.30. This represents a 4.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 25.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Northcoast Research began coverage on ONE Group Hospitality in a research note on Friday, April 11th. They issued a "buy" rating and a $5.00 price objective on the stock. Noble Financial raised ONE Group Hospitality to a "strong-buy" rating in a research note on Wednesday, April 23rd. Stephens dropped their price objective on shares of ONE Group Hospitality from $6.00 to $5.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. StockNews.com upgraded shares of ONE Group Hospitality from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Wedbush restated a "neutral" rating and issued a $3.50 price objective on shares of ONE Group Hospitality in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ONE Group Hospitality has a consensus rating of "Moderate Buy" and a consensus price target of $4.50.

ONE Group Hospitality Profile

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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