Insider Selling: The ONE Group Hospitality, Inc. (NASDAQ:STKS) Insider Sells 76,880 Shares of Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) insider David Kanen sold 76,880 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $4.77, for a total transaction of $366,717.60. Following the completion of the sale, the insider owned 1,895,362 shares in the company, valued at $9,040,876.74. This represents a 3.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, July 9th, David Kanen sold 160,000 shares of ONE Group Hospitality stock. The shares were sold at an average price of $4.70, for a total transaction of $752,000.00.
• 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 value 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 value of $112,626.91.

ONE Group Hospitality Trading Up 1.1%

NASDAQ:STKS traded up $0.05 on Wednesday, hitting $4.70. 399,105 shares of the stock were exchanged, compared to its average volume of 109,972. The stock has a market capitalization of $145.23 million, a price-to-earnings ratio of -3.70, a P/E/G ratio of 0.46 and a beta of 2.03. The ONE Group Hospitality, Inc. has a 52 week low of $2.37 and a 52 week high of $5.42. The company has a debt-to-equity ratio of 8.78, a quick ratio of 0.42 and a current ratio of 0.50. The company's 50-day moving average price is $3.87 and its 200 day moving average price is $3.34.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last announced 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. The firm had revenue of $211.13 million during 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%. On average, equities research analysts forecast that The ONE Group Hospitality, Inc. will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on STKS shares. Wedbush reaffirmed a "neutral" rating and issued a $3.50 price target on shares of ONE Group Hospitality in a report on Tuesday, March 11th. Stephens cut their price target on ONE Group Hospitality from $6.00 to $5.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Wall Street Zen raised ONE Group Hospitality from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Noble Financial raised ONE Group Hospitality to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, Northcoast Research started coverage on ONE Group Hospitality in a report on Friday, April 11th. They issued a "buy" rating and a $5.00 price target for the company. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ONE Group Hospitality has an average rating of "Moderate Buy" and an average target price of $4.50.

Institutional Trading of ONE Group Hospitality

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in ONE Group Hospitality by 51.7% during the 4th 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 during the last quarter. XTX Topco Ltd bought a new position in shares of ONE Group Hospitality in the fourth quarter worth $35,000. Bank of America Corp DE boosted its stake in 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 valued at $101,000 after buying an additional 5,477 shares in the last quarter. Barclays PLC boosted its stake 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 acquired a new stake in shares of ONE Group Hospitality during the first quarter valued at about $153,000. 29.14% of the stock is 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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