The ONE Group Hospitality, Inc. (NASDAQ:STKS) Insider David Kanen Sells 76,880 Shares

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

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 value 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 Down 1.1%

ONE Group Hospitality stock traded down $0.05 during mid-day trading on Friday, hitting $4.67. The stock had a trading volume of 160,637 shares, compared to its average volume of 108,925. The stock has a 50-day simple moving average of $3.93 and a two-hundred day simple moving average of $3.36. The stock has a market capitalization 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 ONE Group Hospitality, Inc. has a 12 month low of $2.37 and a 12 month high of $5.42. The company has a current ratio of 0.50, a quick ratio of 0.42 and a debt-to-equity ratio of 8.78.

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

Hedge Funds Weigh In On ONE Group Hospitality

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings 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 buying an additional 3,316 shares during the last quarter. XTX Topco Ltd bought a new position in ONE Group Hospitality during the fourth quarter worth about $35,000. Bank of America Corp DE boosted its holdings 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 buying an additional 5,477 shares during the last quarter. Barclays PLC boosted its holdings 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 buying an additional 3,126 shares during the last quarter. Finally, Nuveen LLC bought a new position in ONE Group Hospitality during the first quarter worth about $153,000. Institutional investors own 29.14% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on STKS. Wall Street Zen upgraded ONE Group Hospitality from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Northcoast Research began coverage on ONE Group Hospitality in a report on Friday, April 11th. They issued a "buy" rating and a $5.00 price target on the stock. Finally, Noble Financial upgraded ONE Group Hospitality to a "strong-buy" rating in a report on Wednesday, April 23rd. Two 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $4.50.

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.