759,913 Shares in The ONE Group Hospitality, Inc. (NASDAQ:STKS) Purchased by McGowan Group Asset Management Inc.

McGowan Group Asset Management Inc. bought a new position in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS - Free Report) in the fourth quarter, according to the company in its most recent 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 about 2.46% of ONE Group Hospitality as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of 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 purchasing an additional 3,316 shares during the period. XTX Topco Ltd acquired a new stake in shares of ONE Group Hospitality during the fourth quarter worth $35,000. Stoneridge Investment Partners LLC grew its stake in shares of 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 during the period. JPMorgan Chase & Co. grew its stake 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 acquiring an additional 5,497 shares during the period. Finally, Magnus Financial Group LLC acquired a new position in ONE Group Hospitality in the fourth quarter valued at about $72,000. Institutional investors own 29.14% of the company's stock.

Insider Transactions at ONE Group Hospitality

In related news, CFO Tyler Loy bought 10,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $2.55 per share, for a total transaction of $25,500.00. Following the completion of the acquisition, the chief financial officer now owns 220,246 shares of the company's stock, valued at approximately $561,627.30. The trade was a 4.76% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 25.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

ONE Group Hospitality Stock Down 3.4%

Shares of STKS stock traded down $0.15 on Friday, hitting $4.26. 72,058 shares of the stock were exchanged, compared to its average volume of 97,044. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 6.73. The firm has a market capitalization of $131.65 million, a P/E ratio of -5.33 and a beta of 1.97. The business has a 50-day moving average of $3.05 and a 200 day moving average of $3.16. The ONE Group Hospitality, Inc. has a fifty-two week low of $2.37 and a fifty-two week high of $5.55.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last posted 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 company 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 15.75% and a negative net margin of 2.45%. Equities analysts anticipate that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current 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.