The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) insider David Kanen sold 24,431 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $4.61, for a total value of $112,626.91. Following the sale, the insider directly owned 2,289,867 shares in the company, valued at $10,556,286.87. This trade represents a 1.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
ONE Group Hospitality Stock Up 9.6%
Shares of STKS stock traded up $0.46 during trading hours on Friday, reaching $5.21. 159,981 shares of the company's stock were exchanged, compared to its average volume of 106,849. The ONE Group Hospitality, Inc. has a 1 year low of $2.37 and a 1 year high of $5.42. The stock has a market cap of $160.83 million, a PE ratio of -4.10, a PEG ratio of 0.51 and a beta of 2.03. The company has a current ratio of 0.50, a quick ratio of 0.42 and a debt-to-equity ratio of 8.78. The stock's fifty day moving average price is $3.77 and its two-hundred day moving average price is $3.30.
ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last released its earnings results on Tuesday, May 6th. The restaurant operator reported $0.14 EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.32. The company had revenue of $211.13 million during the quarter, compared to analysts' expectations of $202.87 million. ONE Group Hospitality had a negative net margin of 1.60% and a positive return on equity of 48.46%. Research analysts predict that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current year.
Institutional Investors Weigh In On ONE Group Hospitality
Institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in shares of ONE Group Hospitality by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 3,316 shares during the period. XTX Topco Ltd purchased a new stake in ONE Group Hospitality during the 4th quarter valued at about $35,000. Bank of America Corp DE increased its holdings in shares of ONE Group Hospitality by 18.7% in the fourth quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator's stock valued at $101,000 after purchasing an additional 5,477 shares during the period. Barclays PLC raised its stake in shares of ONE Group Hospitality by 6.7% in the fourth quarter. Barclays PLC now owns 49,634 shares of the restaurant operator's stock worth $143,000 after purchasing an additional 3,126 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of ONE Group Hospitality in the first quarter worth about $153,000. 29.14% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Wedbush reaffirmed a "neutral" rating and set a $3.50 price objective on shares of ONE Group Hospitality in a research report on Tuesday, March 11th. Wall Street Zen upgraded shares of ONE Group Hospitality from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Noble Financial upgraded shares of ONE Group Hospitality to a "strong-buy" rating in a research note on Wednesday, April 23rd. Stephens decreased their target price on shares of ONE Group Hospitality from $6.00 to $5.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Northcoast Research initiated 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. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $4.50.
View Our Latest Analysis on STKS
ONE Group Hospitality Company Profile
(
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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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