The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.56 and traded as low as $3.35. ONE Group Hospitality shares last traded at $3.43, with a volume of 67,819 shares trading hands.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. StockNews.com cut shares of ONE Group Hospitality from a "hold" rating to a "sell" rating in a research note on Friday, August 9th. Stephens reissued an "overweight" rating and set a $9.00 price target on shares of ONE Group Hospitality in a research report on Wednesday, August 7th.
Check Out Our Latest Report on ONE Group Hospitality
ONE Group Hospitality Stock Performance
The company's 50-day simple moving average is $3.56 and its 200-day simple moving average is $4.32. 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 stock has a market capitalization of $107.14 million, a price-to-earnings ratio of -9.00 and a beta of 2.40.
ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $172.49 million during the quarter, compared to the consensus estimate of $178.22 million. ONE Group Hospitality had a negative net margin of 1.76% and a positive return on equity of 14.71%. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, analysts expect that The ONE Group Hospitality, Inc. will post 0.5 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position 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 last quarter. Legato Capital Management LLC purchased a new stake in ONE Group Hospitality in the second quarter worth $45,000. Meros Investment Management LP increased its stake in 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 worth $2,960,000 after purchasing an additional 10,954 shares during the period. Stoneridge Investment Partners LLC purchased a new position in shares of ONE Group Hospitality during the third quarter valued at $44,000. Finally, GSA Capital Partners LLP bought a new position in ONE Group Hospitality in the third quarter worth about $54,000. 29.14% of the stock is owned by hedge funds and other institutional investors.
About ONE Group Hospitality
(
Get Free Report)
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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