ONE Group Hospitality (NASDAQ:STKS) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.42 and traded as low as $3.34. ONE Group Hospitality shares last traded at $3.34, with a volume of 58,758 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on STKS. Stephens reissued an “overweight” rating and issued a $9.00 price target on shares of ONE Group Hospitality in a report on Wednesday, August 7th. StockNews.com cut ONE Group Hospitality from a “hold” rating to a “sell” rating in a research note on Friday, August 9th.

ONE Group Hospitality Price Performance

The company’s fifty day moving average price is $3.60 and its two-hundred day moving average price is $4.41. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 5.03. The company has a market cap of $105.17 million, a price-to-earnings ratio of -8.79 and a beta of 2.40.

ONE Group Hospitality (NASDAQ:STKS) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. ONE Group Hospitality had a negative net margin of 1.76% and a positive return on equity of 14.71%. The firm had revenue of $172.49 million during the quarter, compared to analyst estimates of $178.22 million. During the same period in the prior year, the business earned $0.06 EPS. On average, equities research analysts forecast that The ONE Group Hospitality, Inc. will post 0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On ONE Group Hospitality

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nantahala Capital Management LLC grew its stake in shares of ONE Group Hospitality by 119.6% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock worth $5,111,000 after acquiring an additional 654,818 shares in the last quarter. American Century Companies Inc. grew its position in ONE Group Hospitality by 60.0% in the second quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock valued at $1,308,000 after purchasing an additional 115,394 shares in the last quarter. First Eagle Investment Management LLC grew its position in ONE Group Hospitality by 9.6% in the first quarter. First Eagle Investment Management LLC now owns 977,045 shares of the restaurant operator’s stock valued at $5,442,000 after purchasing an additional 85,948 shares in the last quarter. GSA Capital Partners LLP increased its stake in ONE Group Hospitality by 124.8% in the 1st quarter. GSA Capital Partners LLP now owns 104,257 shares of the restaurant operator’s stock valued at $581,000 after buying an additional 57,878 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its position in ONE Group Hospitality by 79.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock worth $263,000 after buying an additional 27,354 shares in the last quarter. Institutional investors and hedge funds own 29.14% of the company’s stock.

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.