ONE Group Hospitality (NASDAQ:STKS) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.18 and traded as low as $2.69. ONE Group Hospitality shares last traded at $2.79, with a volume of 52,523 shares.

Wall Street Analyst Weigh In

STKS has been the subject of a number of recent research reports. Northcoast Research initiated coverage on ONE Group Hospitality in a research note on Friday, April 11th. They set a "buy" rating and a $5.00 price target for the company. Wedbush reaffirmed a "neutral" rating and set a $3.50 price target on shares of ONE Group Hospitality in a research note on Tuesday, March 11th. Noble Financial raised ONE Group Hospitality to a "strong-buy" rating in a research note on Wednesday. Finally, Stephens cut their price target 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. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on 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 Price Performance

The stock has a 50 day moving average of $2.90 and a two-hundred day moving average of $3.16. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52. The firm has a market capitalization of $90.60 million, a P/E ratio of -3.65 and a beta of 2.10.

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

Insiders Place Their Bets

In other ONE Group Hospitality news, CFO Tyler Loy purchased 10,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $2.55 per share, with a total value of $25,500.00. Following the transaction, the chief financial officer now directly owns 220,246 shares in the company, valued at approximately $561,627.30. This represents a 4.76 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 19.70% of the company's stock.

Institutional Trading of ONE Group Hospitality

Several institutional investors have recently modified their holdings of the company. Stoneridge Investment Partners LLC grew its holdings in shares of ONE Group Hospitality by 22.6% during the 4th 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. Barclays PLC grew its holdings in shares of ONE Group Hospitality by 6.7% during the 4th quarter. Barclays PLC now owns 49,634 shares of the restaurant operator's stock worth $143,000 after purchasing an additional 3,126 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of 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 purchasing an additional 3,316 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of ONE Group Hospitality by 18.7% during 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 in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of ONE Group Hospitality by 53.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator's stock worth $58,000 after purchasing an additional 5,497 shares in the last quarter. Institutional investors and hedge funds own 29.14% 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.