The ONE Group Hospitality, Inc. (NASDAQ:STKS) CFO Tyler Loy Buys 10,000 Shares

The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) CFO Tyler Loy purchased 10,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was bought at an average price of $2.55 per share, for a total transaction of $25,500.00. Following the purchase, the chief financial officer now owns 220,246 shares in the company, valued at approximately $561,627.30. This represents a 4.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ONE Group Hospitality Trading Up 4.1 %

STKS traded up $0.11 on Friday, hitting $2.80. The company had a trading volume of 114,974 shares, compared to its average volume of 123,259. The business's fifty day simple moving average is $3.20 and its 200 day simple moving average is $3.29. The ONE Group Hospitality, Inc. has a 12-month low of $2.37 and a 12-month high of $6.10. The company has a market cap of $86.91 million, a PE ratio of -3.50 and a beta of 2.46. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 6.73.

ONE Group Hospitality (NASDAQ:STKS - Get Free Report) last issued its earnings results on Monday, March 10th. The restaurant operator reported ($0.03) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $221.88 million during the quarter, compared to analysts' expectations of $217.71 million. Equities research analysts expect that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current year.

Remove Ads

Analyst Ratings Changes

A number of research firms recently commented on STKS. Wedbush reiterated a "neutral" rating and issued a $3.50 target price on shares of ONE Group Hospitality in a research report on Tuesday, March 11th. Stephens decreased their price objective on ONE Group Hospitality from $6.00 to $5.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in STKS. GSA Capital Partners LLP purchased a new position in ONE Group Hospitality in the third quarter worth $54,000. JPMorgan Chase & Co. raised its stake in ONE Group Hospitality by 53.8% in the third quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator's stock valued at $58,000 after buying an additional 5,497 shares during the last quarter. Barclays PLC boosted 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 worth $171,000 after acquiring an additional 22,580 shares in the last quarter. Magnus Financial Group LLC purchased a new stake in shares of ONE Group Hospitality during the fourth quarter worth about $72,000. Finally, Zacks Investment Management increased its holdings in shares of ONE Group Hospitality by 10.0% during the third quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator's stock valued at $883,000 after acquiring an additional 21,855 shares in the last quarter. 29.14% of the stock is currently owned by hedge funds and other 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.