ONE Group Hospitality (NASDAQ:STKS) Stock Crosses Below 200 Day Moving Average – Should You Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.37 and traded as low as $1.99. ONE Group Hospitality shares last traded at $2.04, with a volume of 16,424 shares changing hands.

Analysts Set New Price Targets

Several research analysts have issued reports on STKS shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ONE Group Hospitality in a report on Thursday, January 22nd. Lake Street Capital lowered their price objective on ONE Group Hospitality from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. Finally, Zacks Research upgraded ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4.50.

ONE Group Hospitality Price Performance

The stock has a market capitalization of $63.44 million, a P/E ratio of -0.55, a PEG ratio of 0.24 and a beta of 1.65. The company has a debt-to-equity ratio of 16.52, a quick ratio of 0.29 and a current ratio of 0.35. The firm has a fifty day moving average price of $2.04 and a two-hundred day moving average price of $2.36.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings data on Thursday, November 6th. The restaurant operator reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.47). ONE Group Hospitality had a negative net margin of 10.21% and a positive return on equity of 181.12%. The firm had revenue of $180.20 million for the quarter, compared to analysts’ expectations of $191.29 million. As a group, analysts expect that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On ONE Group Hospitality

A number of institutional investors have recently bought and sold shares of STKS. Group One Trading LLC raised its stake in ONE Group Hospitality by 18,965.0% during the 3rd quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 18,965 shares during the period. Empirical Finance LLC purchased a new stake in ONE Group Hospitality during the 2nd quarter valued at approximately $63,000. Squarepoint Ops LLC purchased a new stake in ONE Group Hospitality during the 3rd quarter valued at approximately $97,000. Quadrature Capital Ltd bought a new stake in shares of ONE Group Hospitality during the second quarter valued at approximately $100,000. Finally, Bank of America Corp DE lifted its holdings in shares of ONE Group Hospitality by 18.7% in the fourth quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock worth $101,000 after buying an additional 5,477 shares in the last quarter. Hedge funds and other institutional investors own 29.14% of the company’s stock.

About ONE Group Hospitality

ONE Group Hospitality Inc is a full-service hospitality company primarily engaged in the development, ownership and operation of upscale restaurant and lounge concepts. The company’s flagship brand, STK, combines a modern steakhouse menu with a high-energy lounge atmosphere, offering signature cuts of beef, fresh seafood, sushi selections, craft cocktails and an extensive wine program. ONE Group’s concept emphasizes a seamless blend of fine dining and nightlife, catering to guests seeking both culinary excellence and an immersive social experience.

Headquartered in El Segundo, California, ONE Group deploys a mixed model of company-owned and franchised locations across multiple markets.