Nantahala Capital Management LLC Makes New $4.26 Million Investment in The ONE Group Hospitality, Inc. $STKS

Nantahala Capital Management LLC bought a new stake in The ONE Group Hospitality, Inc. (NASDAQ:STKS) during the 2nd quarter, HoldingsChannel reports. The fund bought 2,121,084 shares of the restaurant operator’s stock, valued at approximately $4,263,379. Nantahala Capital Management LLC owned approximately 0.07% of ONE Group Hospitality at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of ONE Group Hospitality by 18.7% in the 4th quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock valued at $101,000 after buying an additional 5,477 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of ONE Group Hospitality by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,227,751 shares of the restaurant operator’s stock worth $3,634,000 after acquiring an additional 14,765 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of ONE Group Hospitality by 35.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 70,839 shares of the restaurant operator’s stock worth $210,000 after acquiring an additional 18,435 shares in the last quarter. Group One Trading LLC boosted its position in shares of 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 worth $56,000 after acquiring an additional 18,965 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in ONE Group Hospitality in the second quarter valued at approximately $132,000. 29.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

STKS has been the subject of several research analyst reports. Zacks Research downgraded shares of ONE Group Hospitality from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Weiss Ratings raised ONE Group Hospitality from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Finally, Piper Sandler decreased their price target on ONE Group Hospitality from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $4.00.

ONE Group Hospitality Stock Up 0.6%

Shares of NASDAQ:STKS opened at $1.67 on Friday. The firm has a market cap of $52.92 million, a P/E ratio of -0.44 and a beta of 1.36. The ONE Group Hospitality, Inc. has a 12-month low of $1.62 and a 12-month high of $3.38. The business has a fifty day simple moving average of $1.82 and a 200 day simple moving average of $1.87.

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.