Insider Buying: The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Acquires 19,000 Shares of Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Eugene M. Bullis bought 19,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were purchased at an average price of $5.26 per share, with a total value of $99,940.00. Following the acquisition, the director now owns 176,200 shares in the company, valued at approximately $926,812. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

ONE Group Hospitality Stock Down 1.4 %

Shares of NASDAQ:STKS traded down $0.08 during trading on Thursday, hitting $5.21. 151,406 shares of the company were exchanged, compared to its average volume of 178,261. The firm has a fifty day moving average price of $5.18 and a two-hundred day moving average price of $4.90. The stock has a market cap of $163.70 million, a price-to-earnings ratio of 40.69 and a beta of 2.42. The company has a current ratio of 0.64, a quick ratio of 0.55 and a debt-to-equity ratio of 1.06. The ONE Group Hospitality, Inc. has a fifty-two week low of $3.21 and a fifty-two week high of $8.02.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings data on Thursday, March 14th. The restaurant operator reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. ONE Group Hospitality had a net margin of 0.01% and a return on equity of 6.18%. The firm had revenue of $89.94 million for the quarter, compared to the consensus estimate of $96.98 million. As a group, research analysts anticipate that The ONE Group Hospitality, Inc. will post 0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Lake Street Capital cut their target price on ONE Group Hospitality from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, March 15th. StockNews.com raised shares of ONE Group Hospitality from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. Stephens reaffirmed an “overweight” rating and issued a $9.00 target price on shares of ONE Group Hospitality in a research report on Wednesday, May 8th. Finally, Wedbush boosted their price target on shares of ONE Group Hospitality from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th.

Institutional Trading of ONE Group Hospitality

Several hedge funds have recently added to or reduced their stakes in STKS. First Eagle Investment Management LLC boosted its position in shares of ONE Group Hospitality by 30.8% in the fourth quarter. First Eagle Investment Management LLC now owns 891,097 shares of the restaurant operator’s stock valued at $5,454,000 after acquiring an additional 209,985 shares during the period. Meros Investment Management LP boosted its stake in shares of ONE Group Hospitality by 15.6% in the third quarter. Meros Investment Management LP now owns 676,043 shares of the restaurant operator’s stock valued at $3,718,000 after buying an additional 91,037 shares during the period. GSA Capital Partners LLP boosted its stake in shares of ONE Group Hospitality by 124.8% in the first quarter. GSA Capital Partners LLP now owns 104,257 shares of the restaurant operator’s stock valued at $581,000 after buying an additional 57,878 shares during the period. Barclays PLC increased its stake in ONE Group Hospitality by 350.1% during the 3rd quarter. Barclays PLC now owns 20,676 shares of the restaurant operator’s stock worth $114,000 after acquiring an additional 16,082 shares during the period. Finally, Simplex Trading LLC bought a new position in ONE Group Hospitality during the 4th quarter worth $75,000. 29.14% of the stock is owned by institutional investors and hedge funds.

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.