Nantahala Capital Management LLC Acquires 654,818 Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS)

Nantahala Capital Management LLC raised its holdings in The ONE Group Hospitality, Inc. (NASDAQ:STKS - Free Report) by 119.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,202,528 shares of the restaurant operator's stock after acquiring an additional 654,818 shares during the quarter. Nantahala Capital Management LLC owned about 3.82% of ONE Group Hospitality worth $5,111,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in STKS. Vanguard Group Inc. lifted its stake in shares of ONE Group Hospitality by 0.6% in the first 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. First Eagle Investment Management LLC lifted its stake 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. CastleKnight Management LP lifted its stake in shares of ONE Group Hospitality by 0.7% in the fourth quarter. CastleKnight Management LP now owns 801,485 shares of the restaurant operator's stock worth $4,905,000 after buying an additional 5,500 shares during the last quarter. Meros Investment Management LP lifted its stake 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 worth $2,960,000 after buying an additional 10,954 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of ONE Group Hospitality by 60.0% in the second quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator's stock worth $1,308,000 after buying an additional 115,394 shares during the last quarter. 29.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently 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 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.

ONE Group Hospitality Stock Performance

NASDAQ:STKS traded down $0.03 during trading hours on Tuesday, hitting $3.65. 54,747 shares of the company traded hands, compared to its average volume of 136,990. The stock has a market capitalization of $113.70 million, a price-to-earnings ratio of 25.00 and a beta of 2.40. The ONE Group Hospitality, Inc. has a twelve month low of $3.13 and a twelve month high of $6.45. The firm has a 50-day moving average of $3.87 and a 200 day moving average of $4.59. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 5.03.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.02. The firm had revenue of $172.49 million for the quarter, compared to analyst estimates 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 previous year, the firm posted $0.06 EPS. On average, analysts forecast that The ONE Group Hospitality, Inc. will post 0.5 EPS for the current year.

ONE Group Hospitality Profile

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.