The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Acquires $99,940.00 in Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Eugene M. Bullis purchased 19,000 shares of the stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average price of $5.26 per share, with a total value of $99,940.00. Following the acquisition, the director now directly owns 176,200 shares in the company, valued at $926,812. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

ONE Group Hospitality Stock Up 4.0 %

Shares of NASDAQ:STKS opened at $5.42 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.55 and a current ratio of 0.64. The ONE Group Hospitality, Inc. has a 1 year low of $3.21 and a 1 year high of $8.02. The stock has a market capitalization of $170.30 million, a P/E ratio of 41.69 and a beta of 2.42. The stock has a 50-day simple moving average of $5.24 and a 200-day simple moving average of $4.91.

ONE Group Hospitality (NASDAQ:STKS) last issued its earnings results on Tuesday, May 7th. The restaurant operator reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The firm had revenue of $85.00 million for the quarter, compared to analysts’ expectations of $85.97 million. ONE Group Hospitality had a return on equity of 6.18% and a net margin of 0.01%. Equities analysts forecast that The ONE Group Hospitality, Inc. will post 0.43 earnings per share for the current year.

Analyst Ratings Changes

STKS has been the subject of several recent analyst reports. StockNews.com upgraded ONE Group Hospitality from a “sell” rating to a “hold” rating in a report on Friday, April 12th. Lake Street Capital decreased their target price on ONE Group Hospitality from $11.00 to $8.00 and set a “buy” rating for the company in a report on Friday, March 15th. Stephens reiterated an “overweight” rating and set a $9.00 target price on shares of ONE Group Hospitality in a report on Wednesday, May 8th. Finally, Wedbush boosted their target price on ONE Group Hospitality from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Friday, May 10th.

Hedge Funds Weigh In On ONE Group Hospitality

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its holdings in ONE Group Hospitality by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 139,018 shares of the restaurant operator’s stock worth $765,000 after acquiring an additional 2,592 shares during the period. CastleKnight Management LP boosted its holdings in ONE Group Hospitality by 0.7% in the 4th quarter. CastleKnight Management LP now owns 801,485 shares of the restaurant operator’s stock worth $4,905,000 after acquiring an additional 5,500 shares during the period. 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 acquiring an additional 9,267 shares during the period. Simplex Trading LLC purchased a new position in ONE Group Hospitality in the 4th quarter worth approximately $75,000. Finally, Barclays PLC boosted its holdings in ONE Group Hospitality by 350.1% in the 3rd quarter. Barclays PLC now owns 20,676 shares of the restaurant operator’s stock worth $114,000 after acquiring an additional 16,082 shares during the period. Hedge funds and other institutional investors 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.