ONE Group Hospitality (NASDAQ:STKS) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.56 and traded as low as $3.35. ONE Group Hospitality shares last traded at $3.43, with a volume of 67,819 shares.

Analyst Ratings Changes

STKS has been the topic of several recent research reports. StockNews.com lowered ONE Group Hospitality from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Stephens reiterated an “overweight” rating and issued a $9.00 target price on shares of ONE Group Hospitality in a report on Wednesday, August 7th.

ONE Group Hospitality Trading Up 0.6 %

The company has a debt-to-equity ratio of 5.03, a current ratio of 0.63 and a quick ratio of 0.55. The stock’s fifty day moving average is $3.56 and its two-hundred day moving average is $4.32.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. ONE Group Hospitality had a negative net margin of 1.76% and a positive return on equity of 14.71%. The firm had revenue of $172.49 million for the quarter, compared to the consensus estimate of $178.22 million. During the same period in the previous year, the firm earned $0.06 EPS. Equities analysts forecast that The ONE Group Hospitality, Inc. will post 0.5 EPS for the current fiscal year.

Hedge Funds Weigh In On ONE Group Hospitality

Hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP grew its position in ONE Group Hospitality by 124.8% during 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. Nantahala Capital Management LLC raised its holdings in ONE Group Hospitality by 119.6% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock valued at $5,111,000 after acquiring an additional 654,818 shares during the period. Panagora Asset Management Inc. lifted its holdings in ONE Group Hospitality by 79.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock worth $263,000 after purchasing an additional 27,354 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of ONE Group Hospitality by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,473,534 shares of the restaurant operator’s stock worth $8,208,000 after buying an additional 9,267 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in ONE Group Hospitality by 60.0% in the 2nd quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock worth $1,308,000 after purchasing an additional 115,394 shares in the last quarter. Institutional investors own 29.14% of the company’s stock.

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.