The ONE Group Hospitality, Inc. (NASDAQ:STKS) Insider Sells $438,573.20 in Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) insider David Kanen sold 88,780 shares of ONE Group Hospitality stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $4.94, for a total transaction of $438,573.20. Following the completion of the transaction, the insider owned 1,930,000 shares of the company's stock, valued at $9,534,200. This represents a 4.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 stock was sold at an average price of $4.70, for a total transaction of $752,000.00.
• On Tuesday, July 8th, David Kanen sold 76,880 shares of ONE Group Hospitality stock. The stock was sold at an average price of $4.77, for a total transaction 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 transaction of $112,626.91.

ONE Group Hospitality Stock Performance

STKS traded up $0.05 during trading on Wednesday, hitting $4.70. The stock had a trading volume of 399,105 shares, compared to its average volume of 109,972. 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 market capitalization of $145.23 million, a P/E ratio of -3.70, a PEG ratio of 0.46 and a beta of 2.03. The company's 50-day moving average price is $3.87 and its 200 day moving average price is $3.34. The ONE Group Hospitality, Inc. has a twelve month low of $2.37 and a twelve month high of $5.42.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.32. The company had revenue of $211.13 million for 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%. On average, equities research analysts forecast that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

STKS has been the topic of a number of recent research reports. Stephens cut their target price 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. Noble Financial raised shares of ONE Group Hospitality to a "strong-buy" rating in a report on Wednesday, April 23rd. 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 target price on the stock. Wedbush reaffirmed a "neutral" rating and issued a $3.50 target price on shares of ONE Group Hospitality in a report on Tuesday, March 11th. Finally, Wall Street Zen raised shares of ONE Group Hospitality from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Two 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $4.50.

Hedge Funds Weigh In On ONE Group Hospitality

Institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its position 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 worth $143,000 after buying an additional 3,126 shares in the last quarter. Wells Fargo & Company MN boosted 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 worth $28,000 after buying an additional 3,316 shares in the last quarter. Bank of America Corp DE lifted its holdings in 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. Northern Trust Corp lifted its holdings in ONE Group Hospitality by 3.5% in the 4th quarter. Northern Trust Corp now owns 190,869 shares of the restaurant operator's stock valued at $554,000 after purchasing an additional 6,520 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in ONE Group Hospitality by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 506,337 shares of the restaurant operator's stock valued at $1,469,000 after purchasing an additional 8,162 shares in the last quarter. 29.14% of the stock is owned by institutional investors and hedge funds.

About ONE Group Hospitality

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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