The ONE Group Hospitality, Inc. (NASDAQ:STKS) Shares Bought by CastleKnight Management LP

CastleKnight Management LP increased its holdings in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS - Free Report) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,172,074 shares of the restaurant operator's stock after buying an additional 100,300 shares during the period. CastleKnight Management LP owned 3.80% of ONE Group Hospitality worth $3,399,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Barclays PLC lifted its stake in shares of ONE Group Hospitality by 94.4% in the 3rd quarter. Barclays PLC now owns 46,508 shares of the restaurant operator's stock valued at $171,000 after purchasing an additional 22,580 shares during the period. JPMorgan Chase & Co. grew its position in shares of ONE Group Hospitality by 53.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator's stock worth $58,000 after buying an additional 5,497 shares during the period. Magnus Financial Group LLC acquired a new position in shares of ONE Group Hospitality in the 4th quarter valued at $72,000. Stoneridge Investment Partners LLC lifted its holdings in shares of ONE Group Hospitality by 22.6% during the 4th quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator's stock valued at $42,000 after purchasing an additional 2,684 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake 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 buying an additional 8,162 shares during the last quarter. 29.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on STKS shares. StockNews.com raised shares of ONE Group Hospitality from a "sell" rating to a "hold" rating in a report on Friday. 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. Stephens lowered their price objective on ONE Group Hospitality from $6.00 to $5.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Noble Financial upgraded shares of ONE Group Hospitality to a "strong-buy" rating in a report on Wednesday, April 23rd. Finally, Northcoast Research initiated coverage on shares of ONE Group Hospitality in a research report on Friday, April 11th. They set a "buy" rating and a $5.00 target price for the company. Two investment 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $4.50.

ONE Group Hospitality Price Performance

Shares of STKS stock traded up $0.26 on Friday, reaching $3.78. The company's stock had a trading volume of 168,745 shares, compared to its average volume of 98,294. The company has a market capitalization of $117.28 million, a P/E ratio of -4.73 and a beta of 1.97. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 6.73. The stock's 50 day simple moving average is $2.90 and its 200-day simple moving average is $3.13. The ONE Group Hospitality, Inc. has a 12-month low of $2.37 and a 12-month high of $6.10.

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 for the quarter, beating analysts' consensus estimates 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 company had revenue of $211.13 million for the quarter, compared to analysts' expectations of $202.87 million. As a group, equities analysts predict that The ONE Group Hospitality, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity at ONE Group Hospitality

In other ONE Group Hospitality news, CFO Tyler Loy acquired 10,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of $2.55 per share, with a total value of $25,500.00. Following the transaction, the chief financial officer now owns 220,246 shares of the company's stock, valued at $561,627.30. The trade was a 4.76 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 25.10% of the stock is currently owned by company insiders.

ONE Group Hospitality 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.