ONE Group Hospitality (NASDAQ:STKS) Shares Cross Below 200 Day Moving Average - Here's What Happened

Key Points

• ONE Group Hospitality's stock price fell below its 200-day moving average of $3.32, trading at $2.79 with a significant volume of 73,328 shares.
• Analysts have recently downgraded the stock, with Zacks Research changing its rating from "hold" to "strong sell", while Piper Sandler reduced its target price from $6.00 to $5.00.
• Insider trading activity showed David Kanen selling 160,000 shares at an average price of $4.70, which indicates a decrease in insider confidence as insiders have sold approximately 350,091 shares recently.

Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.32 and traded as low as $2.72. ONE Group Hospitality shares last traded at $2.79, with a volume of 73,328 shares changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on STKS. Zacks Research lowered shares of ONE Group Hospitality from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 20th. Wall Street Zen lowered shares of ONE Group Hospitality from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Finally, Piper Sandler dropped their price objective on shares of ONE Group Hospitality from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.63.

ONE Group Hospitality Stock Up 1.1%

The firm's fifty day moving average price is $3.50 and its two-hundred day moving average price is $3.32. The stock has a market cap of $86.38 million, a price-to-earnings ratio of -1.86, a price-to-earnings-growth ratio of 0.44 and a beta of 1.98. The company has a debt-to-equity ratio of 16.52, a current ratio of 0.35 and a quick ratio of 0.28.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The restaurant operator reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The company had revenue of $203.91 million for the quarter, compared to analyst estimates of $207.95 million. ONE Group Hospitality had a negative net margin of 1.91% and a positive return on equity of 69.82%. ONE Group Hospitality has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that The ONE Group Hospitality, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity at ONE Group Hospitality

In other news, insider David Kanen sold 160,000 shares of the business's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $4.70, for a total transaction of $752,000.00. Following the completion of the sale, the insider directly owned 1,823,266 shares of the company's stock, valued at $8,569,350.20. The trade was a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 350,091 shares of company stock worth $1,669,918 over the last ninety days. Insiders own 19.70% of the company's stock.

Institutional Investors Weigh In On ONE Group Hospitality

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC increased its position 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 acquiring an additional 3,126 shares in the last quarter. Wells Fargo & Company MN increased its position 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 acquiring an additional 3,316 shares in the last quarter. Bank of America Corp DE increased its position in shares of 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 acquiring an additional 5,477 shares in the last quarter. Northern Trust Corp increased its position 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 in the last quarter. Finally, Empirical Finance LLC bought a new stake in shares of ONE Group Hospitality during the second quarter worth about $63,000. 29.14% of the stock is owned by institutional investors.

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.