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 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 in the company, valued at $9,040,876.74. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 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 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 Up 0.4%

Shares of NASDAQ STKS traded up $0.02 during trading hours on Thursday, hitting $4.72. The stock had a trading volume of 195,773 shares, compared to its average volume of 110,314. The company has a market capitalization of $145.85 million, a P/E ratio of -3.72, a P/E/G ratio of 0.46 and a beta of 2.03. The firm's 50-day moving average price is $3.87 and its two-hundred day moving average price is $3.34. 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.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The restaurant operator reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.32. The business 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%. Analysts anticipate that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On ONE Group Hospitality

Several large investors have recently made changes to their positions in STKS. Wells Fargo & Company MN lifted its holdings in 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 worth $28,000 after purchasing an additional 3,316 shares during the last quarter. XTX Topco Ltd acquired a new stake in ONE Group Hospitality in the 4th quarter worth approximately $35,000. Bank of America Corp DE lifted its holdings in ONE Group Hospitality by 18.7% in the 4th quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator's stock worth $101,000 after purchasing an additional 5,477 shares during 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 worth $143,000 after buying an additional 3,126 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of ONE Group Hospitality in the first quarter valued at approximately $153,000. Institutional investors own 29.14% of the company's stock.

Analyst Upgrades and Downgrades

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