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 stock was sold at an average price of $4.70, for a total value of $752,000.00. Following the sale, the insider directly owned 1,823,266 shares of the company's stock, valued at $8,569,350.20. The trade was a 8.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
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 Performance
Shares of NASDAQ STKS traded down $0.05 during trading hours on Friday, reaching $4.67. The stock had a trading volume of 160,637 shares, compared to its average volume of 108,925. The business's fifty day moving average is $3.93 and its two-hundred day moving average is $3.36. The company has a debt-to-equity ratio of 8.78, a current ratio of 0.50 and a quick ratio of 0.42. The company has a market cap of $144.30 million, a price-to-earnings ratio of -3.68, a PEG ratio of 0.47 and a beta of 2.03. The ONE Group Hospitality, Inc. has a twelve month low of $2.37 and a twelve month high of $5.42.
ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last issued its 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 analyst estimates 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, research analysts expect that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Barclays PLC raised its stake in ONE Group Hospitality by 6.7% during the fourth quarter. Barclays PLC now owns 49,634 shares of the restaurant operator's stock worth $143,000 after acquiring an additional 3,126 shares in the last quarter. Wells Fargo & Company MN raised its stake in 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 worth $28,000 after acquiring an additional 3,316 shares in the last quarter. Bank of America Corp DE raised its stake in 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 worth $101,000 after acquiring an additional 5,477 shares in the last quarter. Northern Trust Corp raised its stake 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 acquiring an additional 6,520 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in ONE Group Hospitality by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 506,337 shares of the restaurant operator's stock worth $1,469,000 after acquiring an additional 8,162 shares in the last quarter. 29.14% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Northcoast Research assumed coverage on ONE Group Hospitality in a report on Friday, April 11th. They set a "buy" rating and a $5.00 price target for the company. Wall Street Zen upgraded ONE Group Hospitality from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Finally, Noble Financial upgraded ONE Group Hospitality to a "strong-buy" rating in a report on Wednesday, April 23rd. Two 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $4.50.
Get Our Latest Analysis on STKS
About ONE Group Hospitality
(
Get Free Report)
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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