The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Jonathan Segal Buys 8,000 Shares

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

ONE Group Hospitality Trading Down 3.9 %

STKS stock traded down $0.12 during trading on Thursday, reaching $2.98. The company had a trading volume of 225,909 shares, compared to its average volume of 132,744. The business has a 50 day moving average of $3.51 and a 200 day moving average of $4.24. The company has a debt-to-equity ratio of 6.73, a current ratio of 0.52 and a quick ratio of 0.44. The company has a market cap of $91.94 million, a P/E ratio of -3.78 and a beta of 2.40. The ONE Group Hospitality, Inc. has a 52 week low of $2.96 and a 52 week high of $6.45.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share for the quarter. The firm had revenue of $193.98 million for the quarter, compared to the consensus estimate of $217.95 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. As a group, sell-side analysts forecast that The ONE Group Hospitality, Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of STKS. Legato Capital Management LLC purchased a new stake in ONE Group Hospitality in the second quarter worth about $45,000. Stoneridge Investment Partners LLC bought a new stake in shares of ONE Group Hospitality in the 3rd quarter worth approximately $44,000. GSA Capital Partners LLP purchased a new stake in shares of ONE Group Hospitality in the 3rd quarter worth approximately $54,000. Panagora Asset Management Inc. increased 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 valued at $263,000 after buying an additional 27,354 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in ONE Group Hospitality by 60.0% during the second 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 last quarter. 29.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Stephens reissued an “overweight” rating and issued a $9.00 target price on shares of ONE Group Hospitality in a research note on Wednesday, August 7th. StockNews.com lowered ONE Group Hospitality from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, Wedbush decreased their target price on ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Monday.

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.