McGowan Group Asset Management Inc. Makes New Investment in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

McGowan Group Asset Management Inc. bought a new stake in The ONE Group Hospitality, Inc. (NASDAQ:STKS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 759,913 shares of the restaurant operator's stock, valued at approximately $2,204,000. McGowan Group Asset Management Inc. owned 2.46% of ONE Group Hospitality at the end of the most recent quarter.

Several other large investors have also modified their holdings of STKS. Wells Fargo & Company MN increased its stake 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 valued at $28,000 after buying an additional 3,316 shares during the period. XTX Topco Ltd purchased a new position in ONE Group Hospitality during the fourth quarter worth about $35,000. Stoneridge Investment Partners LLC raised its holdings in ONE Group Hospitality by 22.6% during the fourth quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator's stock worth $42,000 after purchasing an additional 2,684 shares in the last quarter. JPMorgan Chase & Co. lifted its position in ONE Group Hospitality by 53.8% in the third quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator's stock valued at $58,000 after purchasing an additional 5,497 shares during the period. Finally, Magnus Financial Group LLC purchased a new stake in ONE Group Hospitality in the 4th quarter valued at approximately $72,000. Hedge funds and other institutional investors own 29.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on STKS shares. Stephens reduced 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. Wedbush reissued a "neutral" rating and issued a $3.50 target price on shares of ONE Group Hospitality in a report on Tuesday, March 11th. Noble Financial raised shares of ONE Group Hospitality to a "strong-buy" rating in a research note on Wednesday, April 23rd. StockNews.com upgraded shares of ONE Group Hospitality from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Northcoast Research initiated coverage on shares of ONE Group Hospitality in a research report on Friday, April 11th. They set a "buy" rating and a $5.00 target price on the stock. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $4.50.

Insider Activity at ONE Group Hospitality

In related news, CFO Tyler Loy purchased 10,000 shares of the business's stock in a transaction dated Friday, March 14th. The stock was bought at an average cost of $2.55 per share, with a total value of $25,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 220,246 shares in the company, valued at $561,627.30. The trade was a 4.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 25.10% of the stock is owned by corporate insiders.

ONE Group Hospitality Trading Up 13.2%

Shares of STKS stock opened at $4.38 on Tuesday. The ONE Group Hospitality, Inc. has a fifty-two week low of $2.37 and a fifty-two week high of $6.10. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 6.73. The business has a fifty day simple moving average of $2.93 and a 200-day simple moving average of $3.13. The stock has a market cap of $135.36 million, a P/E ratio of -5.48 and a beta of 1.97.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The restaurant operator reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.32. The firm had revenue of $211.13 million during the quarter, compared to the consensus estimate of $202.87 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. On average, analysts forecast that The ONE Group Hospitality, Inc. will post -0.18 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding STKS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The ONE Group Hospitality, Inc. (NASDAQ:STKS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.