The ONE Group Hospitality, Inc. (NASDAQ:STKS) CFO Acquires $25,500.00 in Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS) CFO Tyler Loy bought 10,000 shares of the stock in a transaction on Friday, March 14th. The shares were bought at an average price of $2.55 per share, with a total value of $25,500.00. Following the acquisition, the chief financial officer now owns 220,246 shares of the company’s stock, valued at $561,627.30. This trade represents a 4.76 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

ONE Group Hospitality Stock Performance

Shares of STKS opened at $2.74 on Thursday. The ONE Group Hospitality, Inc. has a 12 month low of $2.37 and a 12 month high of $6.10. The stock has a fifty day moving average price of $3.21 and a 200-day moving average price of $3.29. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 6.73. The firm has a market cap of $85.05 million, a PE ratio of -3.43 and a beta of 2.46.

ONE Group Hospitality (NASDAQ:STKS) last released its earnings results on Monday, March 10th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.33). ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. The firm had revenue of $221.88 million during the quarter, compared to analyst estimates of $217.71 million. Equities research analysts predict that The ONE Group Hospitality, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wedbush restated a “neutral” rating and set a $3.50 target price on shares of ONE Group Hospitality in a report on Tuesday, March 11th. Stephens decreased their price objective on ONE Group Hospitality from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th.

Hedge Funds Weigh In On ONE Group Hospitality

Several hedge funds have recently made changes to their positions in STKS. 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 acquired a new position in shares of ONE Group Hospitality in the 4th quarter valued at $35,000. Stoneridge Investment Partners LLC increased its position in shares of ONE Group Hospitality by 22.6% in the 4th quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 2,684 shares during the period. GSA Capital Partners LLP acquired a new stake in ONE Group Hospitality during the 3rd quarter worth about $54,000. Finally, JPMorgan Chase & Co. grew 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 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.