Nantahala Capital Management LLC Has $6.05 Million Stock Holdings in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

Nantahala Capital Management LLC increased its stake in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS - Free Report) by 23.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,087,394 shares of the restaurant operator's stock after buying an additional 403,321 shares during the period. Nantahala Capital Management LLC owned 6.77% of ONE Group Hospitality worth $6,053,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of STKS. Northern Trust Corp boosted its holdings in shares of ONE Group Hospitality by 3.5% during the fourth quarter. Northern Trust Corp now owns 190,869 shares of the restaurant operator's stock worth $554,000 after acquiring an additional 6,520 shares during the period. XTX Topco Ltd bought a new stake in ONE Group Hospitality in the 4th quarter valued at $35,000. Barclays PLC grew its holdings in ONE Group Hospitality by 6.7% in the 4th quarter. Barclays PLC now owns 49,634 shares of the restaurant operator's stock valued at $143,000 after buying an additional 3,126 shares in the last quarter. Wells Fargo & Company MN increased 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 buying an additional 3,316 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of ONE Group Hospitality by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 506,337 shares of the restaurant operator's stock worth $1,469,000 after buying an additional 8,162 shares in the last quarter. Institutional investors and hedge funds own 29.14% of the company's stock.

ONE Group Hospitality Price Performance

Shares of NASDAQ:STKS traded up $0.04 during midday trading on Friday, hitting $3.10. The stock had a trading volume of 48,016 shares, compared to its average volume of 103,617. 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 company has a market capitalization of $96.18 million, a P/E ratio of -3.88 and a beta of 1.97. The company's 50-day moving average price is $2.89 and its 200-day moving average price is $3.14. The ONE Group Hospitality, Inc. has a fifty-two week low of $2.37 and a fifty-two week high of $6.10.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last released its earnings results on Monday, March 10th. The restaurant operator reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.33). ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. The business had revenue of $221.88 million for the quarter, compared to the consensus estimate of $217.71 million. As a group, equities research analysts predict that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on STKS. Stephens decreased their price target on shares of ONE Group Hospitality from $6.00 to $5.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Wedbush reaffirmed a "neutral" rating and set a $3.50 target price on shares of ONE Group Hospitality in a report on Tuesday, March 11th. Northcoast Research initiated coverage on shares of ONE Group Hospitality in a research report on Friday, April 11th. They issued a "buy" rating and a $5.00 price target for the company. Finally, Noble Financial raised ONE Group Hospitality to a "strong-buy" rating in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ONE Group Hospitality has a consensus rating of "Moderate Buy" and an average price target of $4.50.

Insider Transactions at ONE Group Hospitality

In related news, CFO Tyler Loy purchased 10,000 shares of the stock in a transaction dated Friday, March 14th. The stock was bought at an average cost 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. This represents a 4.76 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 25.10% of the company's stock.

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.