The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Acquires $24,640.00 in Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Jonathan Segal purchased 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of $3.08 per share, for a total transaction of $24,640.00. Following the completion of the transaction, the director now owns 3,145,074 shares in the company, valued at $9,686,827.92. The trade was a 0.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

ONE Group Hospitality Price Performance

Shares of STKS stock opened at $3.02 on Friday. The ONE Group Hospitality, Inc. has a 12 month low of $2.92 and a 12 month high of $6.45. 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 stock has a 50-day moving average price of $3.50 and a 200 day moving average price of $4.21.

ONE Group Hospitality (NASDAQ:STKS) last issued its quarterly earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) EPS for the quarter. The business had revenue of $193.98 million for the quarter, compared to analyst estimates of $217.95 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. As a group, analysts predict that The ONE Group Hospitality, Inc. will post 0.2 EPS for the current year.

Hedge Funds Weigh In On ONE Group Hospitality

Several institutional investors have recently modified their holdings of STKS. First Eagle Investment Management LLC boosted its stake in ONE Group Hospitality by 9.6% during the 1st quarter. First Eagle Investment Management LLC now owns 977,045 shares of the restaurant operator’s stock worth $5,442,000 after acquiring an additional 85,948 shares during the last quarter. Vanguard Group Inc. increased its stake in ONE Group Hospitality by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,473,534 shares of the restaurant operator’s stock valued at $8,208,000 after purchasing an additional 9,267 shares in the last quarter. Legato Capital Management LLC acquired a new stake in ONE Group Hospitality in the second quarter worth $45,000. Panagora Asset Management Inc. boosted its position in shares of ONE Group Hospitality by 79.5% during the second quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock worth $263,000 after purchasing an additional 27,354 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of ONE Group Hospitality by 60.0% in the 2nd quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock valued at $1,308,000 after buying an additional 115,394 shares during the period. 29.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on STKS shares. Wedbush decreased their target price on ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating on the stock in a report on Monday, November 11th. Stephens reissued an “overweight” rating and set a $9.00 price objective on shares of ONE Group Hospitality in a report on Wednesday, August 7th. Finally, StockNews.com cut shares of ONE Group Hospitality from a “hold” rating to a “sell” rating in a research report on Friday, August 9th.

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.