ONE Group Hospitality (NASDAQ:STKS) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

The ONE Group Hospitality, Inc. (NASDAQ:STKS) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.18 and traded as low as $2.69. ONE Group Hospitality shares last traded at $2.79, with a volume of 52,523 shares.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stephens dropped 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 note on Tuesday, March 11th. Wedbush reaffirmed a “neutral” rating and set a $3.50 price target on shares of ONE Group Hospitality in a research note on Tuesday, March 11th. Finally, Northcoast Research started coverage on shares of ONE Group Hospitality in a research report on Friday, April 11th. They issued a “buy” rating and a $5.00 price objective for the company.

ONE Group Hospitality Trading Up 0.4 %

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 market cap of $86.57 million, a P/E ratio of -3.49 and a beta of 2.10. The business’s 50 day moving average is $2.93 and its 200-day moving average is $3.18.

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

Insider Activity

In related news, CFO Tyler Loy acquired 10,000 shares of ONE Group Hospitality stock in a transaction that occurred on Friday, March 14th. The stock was acquired at an average price of $2.55 per share, for a total transaction of $25,500.00. Following the transaction, the chief financial officer now directly owns 220,246 shares of the company’s stock, valued at $561,627.30. This trade represents a 4.76 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 19.70% of the company’s stock.

Institutional Trading of ONE Group Hospitality

Several hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in shares of ONE Group Hospitality by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 3,316 shares during the period. XTX Topco Ltd bought a new position in shares of ONE Group Hospitality in the fourth quarter valued at approximately $35,000. Stoneridge Investment Partners LLC raised its holdings in ONE Group Hospitality by 22.6% during the fourth 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 in the last quarter. JPMorgan Chase & Co. increased its position in shares of ONE Group Hospitality by 53.8% during the 3rd 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. Finally, Magnus Financial Group LLC bought a new stake in shares of ONE Group Hospitality in the 4th quarter worth $72,000. 29.14% of the stock is currently owned by institutional investors.

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.