Emanuel N. Hilario Sells 18,736 Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS) CEO Emanuel N. Hilario sold 18,736 shares of the business’s stock in a transaction that occurred on Monday, June 7th. The stock was sold at an average price of $11.59, for a total value of $217,150.24. Following the sale, the chief executive officer now owns 1,300,785 shares of the company’s stock, valued at approximately $15,076,098.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ STKS opened at $12.81 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.71 and a current ratio of 0.76. The ONE Group Hospitality, Inc. has a twelve month low of $1.25 and a twelve month high of $13.21. The company has a 50 day moving average price of $9.83. The stock has a market capitalization of $386.41 million, a PE ratio of -45.75 and a beta of 2.60.

The ONE Group Hospitality (NASDAQ:STKS) last issued its quarterly earnings data on Tuesday, May 11th. The restaurant operator reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.03. The ONE Group Hospitality had a positive return on equity of 1.80% and a negative net margin of 5.38%. The company had revenue of $50.48 million during the quarter, compared to analysts’ expectations of $50.00 million. Equities analysts predict that The ONE Group Hospitality, Inc. will post 0.41 EPS for the current year.

Several equities research analysts recently weighed in on the company. Lake Street Capital boosted their target price on The ONE Group Hospitality from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, May 12th. Loop Capital boosted their target price on The ONE Group Hospitality from $4.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, March 22nd. Zacks Investment Research upgraded The ONE Group Hospitality from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, May 13th. Finally, Piper Sandler boosted their target price on The ONE Group Hospitality from $4.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, March 25th.

A number of hedge funds and other institutional investors have recently modified their holdings of STKS. Cubist Systematic Strategies LLC purchased a new stake in The ONE Group Hospitality in the first quarter valued at approximately $89,000. Morgan Stanley acquired a new position in shares of The ONE Group Hospitality in the first quarter valued at approximately $97,000. Squarepoint Ops LLC acquired a new position in shares of The ONE Group Hospitality in the fourth quarter valued at approximately $111,000. Northern Trust Corp increased its holdings in shares of The ONE Group Hospitality by 81.1% in the fourth quarter. Northern Trust Corp now owns 37,982 shares of the restaurant operator’s stock valued at $141,000 after purchasing an additional 17,013 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of The ONE Group Hospitality in the first quarter valued at approximately $150,000. Institutional investors own 7.26% of the company’s stock.

The ONE Group Hospitality Company Profile

The ONE Group Hospitality, Inc, a hospitality 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.

Further Reading: Understanding Price to Earnings Ratio (PE)

Insider Buying and Selling by Quarter for The ONE Group Hospitality (NASDAQ:STKS)

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