The ONE Group Hospitality, Inc. (NASDAQ:STKS) CFO Acquires $25,500.00 in Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS) CFO Tyler Loy purchased 10,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were purchased at an average cost of $2.55 per share, for a total transaction of $25,500.00. Following the purchase, the chief financial officer now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website.

ONE Group Hospitality Price Performance

Shares of ONE Group Hospitality stock traded down $0.09 during trading on Monday, hitting $2.58. 36,163 shares of the company were exchanged, compared to its average volume of 125,044. The ONE Group Hospitality, Inc. has a fifty-two week low of $2.37 and a fifty-two week high of $6.10. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 6.73. The firm has a 50 day moving average price of $3.22 and a 200 day moving average price of $3.30. The stock has a market capitalization of $80.09 million, a price-to-earnings ratio of -3.23 and a beta of 2.46.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on STKS shares. Wedbush reiterated a “neutral” rating and set 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 shares of ONE Group Hospitality from $6.00 to $5.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th.

Institutional Investors Weigh In On ONE Group Hospitality

Hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of ONE Group Hospitality by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 3,316 shares during the last quarter. XTX Topco Ltd acquired a new position in ONE Group Hospitality in the 4th quarter valued at $35,000. Stoneridge Investment Partners LLC lifted its stake in shares of ONE Group Hospitality by 22.6% during the 4th quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 2,684 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of ONE Group Hospitality during the third quarter worth $54,000. Finally, JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 5,497 shares during the period. 29.14% of the stock is owned by institutional investors and hedge funds.

About ONE Group Hospitality

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.