76,108 Shares in The ONE Group Hospitality, Inc. (NASDAQ:STKS) Bought by Repertoire Partners LP

Repertoire Partners LP purchased a new position in The ONE Group Hospitality, Inc. (NASDAQ:STKS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 76,108 shares of the restaurant operator's stock, valued at approximately $221,000. ONE Group Hospitality makes up 0.1% of Repertoire Partners LP's holdings, making the stock its 12th biggest position. Repertoire Partners LP owned approximately 0.25% of ONE Group Hospitality as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Barclays PLC boosted its holdings in ONE Group Hospitality by 94.4% in the 3rd quarter. Barclays PLC now owns 46,508 shares of the restaurant operator's stock worth $171,000 after buying an additional 22,580 shares during the period. JPMorgan Chase & Co. grew its position in shares of ONE Group Hospitality by 53.8% during the third quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator's stock worth $58,000 after purchasing an additional 5,497 shares in the last quarter. Magnus Financial Group LLC purchased a new stake in shares of ONE Group Hospitality during the fourth quarter worth about $72,000. Stoneridge Investment Partners LLC raised its stake in ONE Group Hospitality by 22.6% during the 4th quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator's stock valued at $42,000 after purchasing an additional 2,684 shares during the period. Finally, Geode Capital Management LLC boosted its stake in ONE Group Hospitality by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 506,337 shares of the restaurant operator's stock worth $1,469,000 after purchasing an additional 8,162 shares during the period. Institutional investors own 29.14% of the company's stock.

Insider Activity at ONE Group Hospitality

In other news, CFO Tyler Loy purchased 10,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average cost of $2.55 per share, for a total transaction of $25,500.00. Following the acquisition, the chief financial officer now owns 220,246 shares of the company's stock, valued at approximately $561,627.30. This trade represents a 4.76% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 25.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

STKS has been the topic of several recent analyst reports. Stephens reduced their price objective on shares of ONE Group Hospitality from $6.00 to $5.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Wall Street Zen upgraded shares of ONE Group Hospitality from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Noble Financial upgraded ONE Group Hospitality to a "strong-buy" rating in a research report on Wednesday, April 23rd. Northcoast Research initiated coverage on ONE Group Hospitality in a report on Friday, April 11th. They issued a "buy" rating and a $5.00 target price on the stock. Finally, Wedbush reissued a "neutral" rating and set a $3.50 price target on shares of ONE Group Hospitality in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ONE Group Hospitality currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.50.

ONE Group Hospitality Price Performance

Shares of NASDAQ:STKS traded up $0.10 on Monday, reaching $3.73. The company's stock had a trading volume of 64,619 shares, compared to its average volume of 95,552. The company has a 50-day simple moving average of $3.17 and a 200 day simple moving average of $3.16. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52. The company has a market cap of $115.27 million, a P/E ratio of -4.66 and a beta of 1.97. The ONE Group Hospitality, Inc. has a 52-week low of $2.37 and a 52-week high of $5.55.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The restaurant operator reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.32. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. The company had revenue of $211.13 million for the quarter, compared to analysts' expectations of $202.87 million. As a group, equities research analysts anticipate that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current fiscal year.

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.