ONE Group Hospitality (NASDAQ:STKS) Stock Crosses Below Two Hundred Day Moving Average - What's Next?

The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.24 and traded as low as $2.60. ONE Group Hospitality shares last traded at $2.77, with a volume of 97,636 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STKS. Wedbush reaffirmed a "neutral" rating and issued a $3.50 target price on shares of ONE Group Hospitality in a report on Tuesday, March 11th. Northcoast Research began coverage on shares of ONE Group Hospitality in a research note on Friday. They set a "buy" rating and a $5.00 price objective on the stock. Finally, Stephens dropped their price objective on shares of ONE Group Hospitality from $6.00 to $5.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th.

ONE Group Hospitality Trading Up 3.9 %

The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 6.73. The stock has a market cap of $91.88 million, a P/E ratio of -3.70 and a beta of 2.10. The business's fifty day simple moving average is $2.99 and its 200 day simple moving average is $3.22.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last announced its earnings results on Monday, March 10th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.33). ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. The company had revenue of $221.88 million for the quarter, compared to analyst estimates of $217.71 million. As a group, analysts expect that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current year.

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Insider Transactions at ONE Group Hospitality

In other ONE Group Hospitality news, CFO Tyler Loy bought 10,000 shares of ONE Group Hospitality stock in a transaction dated Friday, March 14th. The shares were bought at an average price of $2.55 per share, with a total value of $25,500.00. Following the purchase, the chief financial officer now owns 220,246 shares of the company's stock, valued at $561,627.30. This trade represents a 4.76 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 19.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ONE Group Hospitality

A number of hedge funds and other institutional investors have recently bought and sold shares of STKS. JPMorgan Chase & Co. lifted its stake in shares of ONE Group Hospitality by 53.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator's stock valued at $58,000 after purchasing an additional 5,497 shares during the period. Barclays PLC increased its holdings in ONE Group Hospitality by 94.4% in the third quarter. Barclays PLC now owns 46,508 shares of the restaurant operator's stock valued at $171,000 after purchasing an additional 22,580 shares during the last quarter. Magnus Financial Group LLC acquired a new position in ONE Group Hospitality in the fourth quarter valued at about $72,000. Wells Fargo & Company MN boosted its holdings in ONE Group Hospitality by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator's stock worth $28,000 after buying an additional 3,316 shares during the last quarter. Finally, McGowan Group Asset Management Inc. acquired a new position in shares of ONE Group Hospitality during the 4th quarter worth about $2,204,000. 29.14% of the stock is owned by institutional investors.

ONE Group Hospitality Company 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.