ONE Group Hospitality (NASDAQ:STKS) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• ONE Group Hospitality shares fell below their 200-day moving average, trading as low as $1.77 versus the $1.89 average, with a market capitalization of approximately $56.1 million.
• Analyst sentiment weakened: Zacks Research downgraded the stock to “strong sell,” while Piper Sandler cut its price target to $4.00 and maintained a “neutral” rating. The consensus rating is “Reduce,” with a $4.00 target price.
• Institutional investors own 29.14% of the company, with several firms—including CastleKnight Management, Vanguard, and McGowan Group Asset Management—recently increasing their positions.

The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.89 and traded as low as $1.77. ONE Group Hospitality shares last traded at $1.77, with a volume of 41,693 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on STKS shares. Zacks Research lowered ONE Group Hospitality from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 6th. Piper Sandler dropped their price target on ONE Group Hospitality from $5.00 to $4.00 and set a "neutral" rating for the company in a research report on Monday, August 10th. Finally, Weiss Ratings raised ONE Group Hospitality from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, ONE Group Hospitality has a consensus rating of "Reduce" and a consensus target price of $4.00.

ONE Group Hospitality Stock Performance

The company has a fifty day simple moving average of $1.85 and a two-hundred day simple moving average of $1.89. The company has a market capitalization of $56.09 million, a price-to-earnings ratio of -0.47 and a beta of 1.36.

Institutional Trading of ONE Group Hospitality

Several institutional investors have recently made changes to their positions in STKS. CastleKnight Management LP increased its holdings in shares of ONE Group Hospitality by 4.7% during the 4th quarter. CastleKnight Management LP now owns 1,286,991 shares of the restaurant operator's stock worth $2,252,000 after buying an additional 58,015 shares during the last quarter. Vanguard Group Inc. boosted its holdings in ONE Group Hospitality by 1.2% in the third quarter. Vanguard Group Inc. now owns 1,227,751 shares of the restaurant operator's stock valued at $3,634,000 after acquiring an additional 14,765 shares during the last quarter. McGowan Group Asset Management Inc. grew its position in ONE Group Hospitality by 12.7% during the fourth quarter. McGowan Group Asset Management Inc. now owns 945,000 shares of the restaurant operator's stock valued at $1,654,000 after acquiring an additional 106,665 shares during the period. BlackRock Inc. purchased a new stake in ONE Group Hospitality during the second quarter valued at about $905,000. Finally, Jane Street Group LLC grew its position in ONE Group Hospitality by 423.5% during the second quarter. Jane Street Group LLC now owns 101,174 shares of the restaurant operator's stock valued at $410,000 after acquiring an additional 81,848 shares during the period. 29.14% of the stock is owned by hedge funds and other institutional investors.

ONE Group Hospitality Company Profile

ONE Group Hospitality Inc is a full-service hospitality company primarily engaged in the development, ownership and operation of upscale restaurant and lounge concepts. The company's flagship brand, STK, combines a modern steakhouse menu with a high-energy lounge atmosphere, offering signature cuts of beef, fresh seafood, sushi selections, craft cocktails and an extensive wine program. ONE Group's concept emphasizes a seamless blend of fine dining and nightlife, catering to guests seeking both culinary excellence and an immersive social experience.

Headquartered in El Segundo, California, ONE Group deploys a mixed model of company-owned and franchised locations across multiple markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source