The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Jonathan Segal Purchases 3,500 Shares

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Jonathan Segal acquired 3,500 shares of ONE Group Hospitality stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of $3.58 per share, with a total value of $12,530.00. Following the completion of the purchase, the director now owns 3,637,074 shares in the company, valued at approximately $13,020,724.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jonathan Segal also recently made the following trade(s):

• On Monday, August 12th, Jonathan Segal acquired 5,000 shares of ONE Group Hospitality stock. The stock was purchased at an average cost of $3.52 per share, with a total value of $17,600.00.
• On Friday, August 9th, Jonathan Segal bought 5,000 shares of ONE Group Hospitality stock. The stock was bought at an average price of $3.53 per share, with a total value of $17,650.00.

ONE Group Hospitality Trading Down 5.9 %

Shares of NASDAQ STKS traded down $0.22 during mid-day trading on Friday, reaching $3.53. 183,120 shares of the company’s stock were exchanged, compared to its average volume of 149,048. The firm has a market capitalization of $111.16 million, a price-to-earnings ratio of 23.40 and a beta of 2.41. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.55 and a current ratio of 0.63. The ONE Group Hospitality, Inc. has a 52-week low of $3.21 and a 52-week high of $7.08. The company’s 50-day moving average is $4.48 and its 200-day moving average is $4.65.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $172.49 million during the quarter, compared to analysts’ expectations of $178.22 million. ONE Group Hospitality had a positive return on equity of 14.71% and a negative net margin of 1.76%. During the same period in the prior year, the business posted $0.06 EPS. Analysts expect that The ONE Group Hospitality, Inc. will post 0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On ONE Group Hospitality

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Meros Investment Management LP boosted its holdings in 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 valued at $2,960,000 after acquiring an additional 10,954 shares during the period. American Century Companies Inc. boosted its holdings in 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 period. Panagora Asset Management Inc. boosted its holdings in ONE Group Hospitality by 79.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock valued at $263,000 after acquiring an additional 27,354 shares during the period. Legato Capital Management LLC purchased a new position in ONE Group Hospitality during the 2nd quarter valued at about $45,000. Finally, Vanguard Group Inc. boosted its holdings in ONE Group Hospitality by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,473,534 shares of the restaurant operator’s stock valued at $8,208,000 after acquiring an additional 9,267 shares during the period. 29.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STKS has been the subject of several analyst reports. Stephens restated an “overweight” rating and issued a $9.00 target price on shares of ONE Group Hospitality in a report on Wednesday, August 7th. Wedbush upped their target price on ONE Group Hospitality from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Friday, May 10th. Finally, StockNews.com cut ONE Group Hospitality from a “hold” rating to a “sell” rating in a report on Friday, August 9th.

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.