The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.41 and traded as low as $3.31. ONE Group Hospitality shares last traded at $3.57, with a volume of 147,005 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on STKS shares. Noble Financial upgraded ONE Group Hospitality to a "strong-buy" rating in a report on Wednesday, April 23rd. Northcoast Research began coverage on shares of ONE Group Hospitality in a research note on Friday, April 11th. They issued a "buy" rating and a $5.00 price objective on the stock. Piper Sandler began coverage on shares of ONE Group Hospitality in a report on Monday, July 14th. They set a "neutral" rating and a $6.00 price objective for the company. Finally, Wall Street Zen raised shares of ONE Group Hospitality from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $4.88.
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ONE Group Hospitality Price Performance
The company has a market cap of $102.90 million, a P/E ratio of -2.62, a P/E/G ratio of 0.38 and a beta of 2.03. The company has a debt-to-equity ratio of 8.78, a quick ratio of 0.42 and a current ratio of 0.50. The firm has a 50 day moving average price of $3.90 and a two-hundred day moving average price of $3.42.
ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The restaurant operator reported $0.14 EPS 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 the consensus estimate of $202.87 million. ONE Group Hospitality had a negative net margin of 1.60% and a positive return on equity of 48.46%. On average, analysts predict that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current fiscal year.
Insider Activity at ONE Group Hospitality
In related news, insider David Kanen sold 160,000 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $4.70, for a total transaction of $752,000.00. Following the sale, the insider owned 1,823,266 shares of the company's stock, valued at approximately $8,569,350.20. This represents a 8.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 350,091 shares of company stock valued at $1,669,918 in the last three months. 25.10% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in STKS. Nantahala Capital Management LLC lifted its position in ONE Group Hospitality by 1.6% during the first quarter. Nantahala Capital Management LLC now owns 2,121,084 shares of the restaurant operator's stock valued at $6,342,000 after purchasing an additional 33,690 shares during the last quarter. Nuveen LLC bought a new position in ONE Group Hospitality in the first quarter valued at $153,000. Benjamin Edwards Inc. purchased a new stake in ONE Group Hospitality during the first quarter valued at about $252,000. Repertoire Partners LP bought a new stake in ONE Group Hospitality during the fourth quarter worth about $221,000. Finally, McGowan Group Asset Management Inc. bought a new stake in ONE Group Hospitality during the fourth quarter worth about $2,204,000. 29.14% of the stock is currently owned by hedge funds and other institutional investors.
About ONE Group Hospitality
(
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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.
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