ONE Group Hospitality (NASDAQ:STKS) Share Price Passes Above Fifty Day Moving Average - Time to Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.22 and traded as high as $3.80. ONE Group Hospitality shares last traded at $3.46, with a volume of 48,249 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on STKS. Northcoast Research began coverage on shares of ONE Group Hospitality in a report on Friday, April 11th. They issued a "buy" rating and a $5.00 price target on the stock. Stephens lowered 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 report on Tuesday, March 11th. Wedbush restated a "neutral" rating and issued a $3.50 target price on shares of ONE Group Hospitality in a research note on Tuesday, March 11th. Wall Street Zen upgraded ONE Group Hospitality from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Noble Financial upgraded ONE Group Hospitality to a "strong-buy" rating in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, ONE Group Hospitality currently has an average rating of "Moderate Buy" and an average target price of $4.50.

ONE Group Hospitality Price Performance

The stock has a market capitalization of $104.76 million, a P/E ratio of -4.24 and a beta of 1.97. 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 stock has a 50-day simple moving average of $3.25 and a 200 day simple moving average of $3.18.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.32. 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 $211.13 million for the quarter, compared to analyst estimates of $202.87 million. On average, equities analysts forecast that The ONE Group Hospitality, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ONE Group Hospitality news, CFO Tyler Loy acquired 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, with a total value of $25,500.00. Following the purchase, the chief financial officer now owns 220,246 shares of the company's stock, valued at $561,627.30. This represents a 4.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 25.10% of the stock is currently owned by company insiders.

Institutional Trading of ONE Group Hospitality

Several hedge funds have recently added to or reduced their stakes in the business. Nantahala Capital Management LLC raised its stake in ONE Group Hospitality by 1.6% during the 1st quarter. Nantahala Capital Management LLC now owns 2,121,084 shares of the restaurant operator's stock worth $6,342,000 after buying an additional 33,690 shares during the period. Nuveen LLC acquired a new stake in shares of ONE Group Hospitality in the 1st quarter valued at about $153,000. Benjamin Edwards Inc. acquired a new stake in shares of ONE Group Hospitality in the 1st quarter valued at about $252,000. Repertoire Partners LP acquired a new stake in shares of ONE Group Hospitality in the 4th quarter valued at about $221,000. Finally, McGowan Group Asset Management Inc. acquired a new stake in shares of ONE Group Hospitality in the fourth quarter valued at about $2,204,000. Institutional investors and hedge funds own 29.14% of the company's stock.

ONE Group Hospitality Company Profile

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.