The ONE Group Hospitality, Inc. (NASDAQ:STKS) Insider David Kanen Sells 88,780 Shares

The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) insider David Kanen sold 88,780 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $4.94, for a total value of $438,573.20. Following the sale, the insider directly owned 1,930,000 shares in the company, valued at approximately $9,534,200. The trade was a 4.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

David Kanen also recently made the following trade(s):

• On Wednesday, July 9th, David Kanen sold 160,000 shares of ONE Group Hospitality stock. The shares were sold at an average price of $4.70, for a total value of $752,000.00.
• On Tuesday, July 8th, David Kanen sold 76,880 shares of ONE Group Hospitality stock. The shares were sold at an average price of $4.77, for a total value of $366,717.60.
• On Friday, June 27th, David Kanen sold 24,431 shares of ONE Group Hospitality stock. The shares were sold at an average price of $4.61, for a total value of $112,626.91.

ONE Group Hospitality Trading Down 1.1%

NASDAQ:STKS traded down $0.05 during mid-day trading on Friday, reaching $4.67. The company's stock had a trading volume of 160,637 shares, compared to its average volume of 108,925. The company's fifty day simple moving average is $3.93 and its two-hundred day simple moving average is $3.36. The company has a debt-to-equity ratio of 8.78, a current ratio of 0.50 and a quick ratio of 0.42. The ONE Group Hospitality, Inc. has a twelve month low of $2.37 and a twelve month high of $5.42. The stock has a market cap of $144.30 million, a P/E ratio of -3.68, a P/E/G ratio of 0.47 and a beta of 2.03.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.32. ONE Group Hospitality had a positive return on equity of 48.46% and a negative net margin of 1.60%. The firm had revenue of $211.13 million for the quarter, compared to analyst estimates of $202.87 million. On average, equities analysts predict that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Northcoast Research assumed coverage on ONE Group Hospitality in a research note on Friday, April 11th. They set a "buy" rating and a $5.00 price objective on the stock. Wall Street Zen raised ONE Group Hospitality from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Noble Financial raised ONE Group Hospitality to a "strong-buy" rating in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $4.50.

Institutional Trading of ONE Group Hospitality

Hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its stake 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 purchasing an additional 3,316 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of ONE Group Hospitality in the 4th quarter valued at about $35,000. Bank of America Corp DE lifted its stake in shares of ONE Group Hospitality by 18.7% in the 4th 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 in the last quarter. Barclays PLC lifted its stake in shares of ONE Group Hospitality by 6.7% in the 4th quarter. Barclays PLC now owns 49,634 shares of the restaurant operator's stock valued at $143,000 after purchasing an additional 3,126 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of ONE Group Hospitality in the 1st quarter valued at about $153,000. 29.14% of the stock is owned by institutional investors and hedge funds.

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.