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

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, with a total value of $24,640.00. Following the purchase, the director now owns 3,145,074 shares in the company, valued at approximately $9,686,827.92. The trade was a 0.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

ONE Group Hospitality Stock Performance

NASDAQ:STKS opened at $3.02 on Friday. The company has a market capitalization of $93.17 million, a P/E ratio of -3.78 and a beta of 2.40. The business has a fifty day simple moving average of $3.50 and a two-hundred day simple moving average of $4.23. 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 ONE Group Hospitality, Inc. has a 1 year low of $2.92 and a 1 year high of $6.45.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings data on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share for the quarter. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. The firm had revenue of $193.98 million during the quarter, compared to analysts’ expectations of $217.95 million. On average, analysts expect that The ONE Group Hospitality, Inc. will post 0.2 earnings per share for the current year.

Institutional Trading of ONE Group Hospitality

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in ONE Group Hospitality by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,473,534 shares of the restaurant operator’s stock worth $8,208,000 after buying an additional 9,267 shares during the period. Legato Capital Management LLC bought a new position in shares of ONE Group Hospitality in the second quarter worth $45,000. Meros Investment Management LP grew its position in shares of ONE Group Hospitality by 1.6% in the second quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock valued at $2,960,000 after purchasing an additional 10,954 shares in the last quarter. Stoneridge Investment Partners LLC bought a new stake in shares of ONE Group Hospitality during the 3rd quarter valued at $44,000. Finally, GSA Capital Partners LLP purchased a new stake in ONE Group Hospitality during the 3rd quarter worth about $54,000. Institutional investors own 29.14% of the company’s stock.

Analysts Set New Price Targets

STKS has been the topic of a number of recent analyst reports. StockNews.com lowered ONE Group Hospitality from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Stephens reiterated an “overweight” rating and set a $9.00 target price on shares of ONE Group Hospitality in a research note on Wednesday, August 7th. Finally, Wedbush reduced their price target on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating for the company in a research report on Monday, November 11th.

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.