The ONE Group Hospitality, Inc. (NASDAQ:STKS) Insider Sells $752,000.00 in 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 on 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 sale, the insider directly owned 1,823,266 shares in the company, valued at approximately $8,569,350.20. The trade was a 8.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 stock was 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 stock was sold at an average price of $4.94, for a total value of $438,573.20.
• On Friday, June 27th, David Kanen sold 24,431 shares of ONE Group Hospitality stock. The stock was sold at an average price of $4.61, for a total value of $112,626.91.

ONE Group Hospitality Stock Down 1.1%

Shares of NASDAQ STKS traded down $0.05 during trading on Friday, reaching $4.67. The company had a trading volume of 160,637 shares, compared to its average volume of 108,925. The ONE Group Hospitality, Inc. has a 12-month low of $2.37 and a 12-month high of $5.42. The stock has a market cap of $144.30 million, a PE ratio of -3.68, a P/E/G ratio of 0.47 and a beta of 2.03. The business's 50-day moving average is $3.93 and its 200 day moving average is $3.36. The company has a quick ratio of 0.42, a current ratio of 0.50 and a debt-to-equity ratio of 8.78.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last released its 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. The firm had revenue of $211.13 million for the quarter, compared to analysts' expectations of $202.87 million. ONE Group Hospitality had a positive return on equity of 48.46% and a negative net margin of 1.60%. As a group, equities analysts forecast that The ONE Group Hospitality, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on STKS shares. 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 target on the stock. Noble Financial raised ONE Group Hospitality to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Wall Street Zen raised ONE Group Hospitality from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $4.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of STKS. Wells Fargo & Company MN lifted its holdings in shares of ONE Group Hospitality by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 3,316 shares in the last quarter. XTX Topco Ltd bought a new position in shares of ONE Group Hospitality during the fourth quarter valued at $35,000. Bank of America Corp DE lifted its holdings in shares of ONE Group Hospitality by 18.7% during the fourth 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 in the last quarter. Barclays PLC lifted 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 purchasing an additional 3,126 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of ONE Group Hospitality during the first quarter valued at $153,000. 29.14% of the stock is owned by institutional investors.

ONE Group Hospitality Company 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.