The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.42 and traded as low as $3.34. ONE Group Hospitality shares last traded at $3.34, with a volume of 58,758 shares.
Analysts Set New Price Targets
A number of analysts have recently issued reports on STKS shares. StockNews.com lowered ONE Group Hospitality from a "hold" rating to a "sell" rating in a report on Friday, August 9th. Stephens reaffirmed an "overweight" rating and set a $9.00 target price on shares of ONE Group Hospitality in a research note on Wednesday, August 7th.
Check Out Our Latest Report on STKS
ONE Group Hospitality Stock Performance
The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 5.03. The firm has a market capitalization of $105.17 million, a PE ratio of -8.79 and a beta of 2.40. The firm's fifty day moving average price is $3.60 and its 200 day moving average price is $4.41.
ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. ONE Group Hospitality had a positive return on equity of 14.71% and a negative net margin of 1.76%. The firm had revenue of $172.49 million during the quarter, compared to analysts' expectations of $178.22 million. During the same quarter last year, the firm earned $0.06 earnings per share. On average, research analysts anticipate that The ONE Group Hospitality, Inc. will post 0.5 earnings per share for the current year.
Institutional Trading of ONE Group Hospitality
Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of 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 valued at $8,208,000 after purchasing an additional 9,267 shares during the last quarter. Nantahala Capital Management LLC raised its holdings in ONE Group Hospitality by 119.6% during the second quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator's stock valued at $5,111,000 after buying an additional 654,818 shares in the last quarter. First Eagle Investment Management LLC lifted its position in shares of ONE Group Hospitality by 9.6% in the first quarter. First Eagle Investment Management LLC now owns 977,045 shares of the restaurant operator's stock worth $5,442,000 after buying an additional 85,948 shares during the last quarter. Meros Investment Management LP boosted its stake in shares of ONE Group Hospitality by 1.6% during the 2nd quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator's stock worth $2,960,000 after acquiring an additional 10,954 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of ONE Group Hospitality by 60.0% during the 2nd quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator's stock valued at $1,308,000 after acquiring an additional 115,394 shares during the last quarter. 29.14% of the stock is owned by institutional investors.
ONE Group Hospitality Company Profile
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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.
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