The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) CFO Tyler Loy bought 10,000 shares of ONE Group Hospitality stock in a transaction that occurred on Friday, March 14th. The stock was bought at an average cost of $2.55 per share, for a total transaction of $25,500.00. Following the purchase, the chief financial officer now owns 220,246 shares in the company, valued at $561,627.30. This represents a 4.76 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
ONE Group Hospitality Trading Down 3.4 %
Shares of STKS opened at $2.58 on Tuesday. The stock has a fifty day moving average of $3.22 and a two-hundred day moving average of $3.30. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52. The company has a market capitalization of $80.09 million, a PE ratio of -3.23 and a beta of 2.46. The ONE Group Hospitality, Inc. has a fifty-two week low of $2.37 and a fifty-two week high of $6.10.
ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The restaurant operator reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.33). The business had revenue of $221.88 million during the quarter, compared to analyst estimates of $217.71 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. As a group, analysts forecast that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current year.
Institutional Trading of ONE Group Hospitality
Institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in shares of ONE Group Hospitality by 51.7% during 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 during the last quarter. XTX Topco Ltd purchased a new stake in ONE Group Hospitality during the 4th quarter worth $35,000. GSA Capital Partners LLP purchased a new stake in ONE Group Hospitality during the 3rd quarter worth $54,000. Stoneridge Investment Partners LLC boosted its position in 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 worth $42,000 after purchasing an additional 2,684 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in 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 purchasing an additional 5,497 shares during the period. 29.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
STKS has been the topic of a number of recent research reports. Stephens reduced their target price on ONE Group Hospitality from $6.00 to $5.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Wedbush reaffirmed a "neutral" rating and issued a $3.50 target price on shares of ONE Group Hospitality in a research note on Tuesday, March 11th.
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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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