Insider Selling: The ONE Group Hospitality, Inc. (NASDAQ:STKS) Insider Sells 160,000 Shares of Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) insider David Kanen sold 160,000 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The shares were 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 $8,569,350.20. This trade represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

David Kanen also recently made the following trade(s):

• On Tuesday, July 8th, David Kanen sold 76,880 shares of ONE Group Hospitality stock. The shares were sold at an average price of $4.77, for a total value of $366,717.60.
• On Monday, July 7th, David Kanen sold 88,780 shares of ONE Group Hospitality stock. The shares were sold at an average price of $4.94, for a total transaction of $438,573.20.
• On Friday, June 27th, David Kanen sold 24,431 shares of ONE Group Hospitality stock. The shares were sold at an average price of $4.61, for a total transaction of $112,626.91.

ONE Group Hospitality Stock Performance

Shares of NASDAQ:STKS traded up $0.05 on Wednesday, reaching $4.70. 399,105 shares of the company's stock were exchanged, compared to its average volume of 109,972. The company has a quick ratio of 0.42, a current ratio of 0.50 and a debt-to-equity ratio of 8.78. The business's 50-day moving average is $3.87 and its two-hundred day moving average is $3.34. The firm has a market capitalization of $145.23 million, a price-to-earnings ratio of -3.70, a PEG ratio of 0.46 and a beta of 2.03. The ONE Group Hospitality, Inc. has a fifty-two week low of $2.37 and a fifty-two week high of $5.42.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The restaurant operator reported $0.14 EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.32. ONE Group Hospitality had a negative net margin of 1.60% and a positive return on equity of 48.46%. The company had revenue of $211.13 million for the quarter, compared to the consensus estimate of $202.87 million. As a group, equities research analysts forecast that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wedbush reissued a "neutral" rating and set a $3.50 price target on shares of ONE Group Hospitality in a research report on Tuesday, March 11th. Northcoast Research started coverage on ONE Group Hospitality in a research report on Friday, April 11th. They issued a "buy" rating and a $5.00 target price on the stock. Stephens reduced their target price on shares of ONE Group Hospitality from $6.00 to $5.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Noble Financial upgraded shares of ONE Group Hospitality to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen upgraded ONE Group Hospitality from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $4.50.

Institutional Trading of ONE Group Hospitality

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its position in shares of ONE Group Hospitality by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 3,316 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of ONE Group Hospitality in the fourth quarter valued at $35,000. Bank of America Corp DE boosted its position in shares of ONE Group Hospitality by 18.7% in the fourth quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator's stock worth $101,000 after buying an additional 5,477 shares during the period. Barclays PLC grew its holdings in shares of ONE Group Hospitality by 6.7% during the fourth quarter. Barclays PLC now owns 49,634 shares of the restaurant operator's stock valued at $143,000 after buying an additional 3,126 shares in the last quarter. Finally, Nuveen LLC acquired a new position in ONE Group Hospitality during the first quarter valued at $153,000. 29.14% of the stock is currently owned by institutional investors.

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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