Tyler Loy Purchases 10,000 Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS) CFO Tyler Loy bought 10,000 shares of ONE Group Hospitality stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $2.55 per share, for a total transaction of $25,500.00. Following the completion of 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ONE Group Hospitality Stock Performance

ONE Group Hospitality stock opened at $2.60 on Wednesday. The stock’s 50-day moving average is $3.21 and its 200-day moving average is $3.29. The company has a market cap of $80.71 million, a price-to-earnings ratio of -3.25 and a beta of 2.46. The company has a debt-to-equity ratio of 6.73, a current ratio of 0.52 and a quick ratio of 0.44. The ONE Group Hospitality, Inc. has a 12 month low of $2.37 and a 12 month high of $6.10.

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

Institutional Investors Weigh In On ONE Group Hospitality

A number of large investors have recently modified their holdings of STKS. McGowan Group Asset Management Inc. acquired a new stake in shares of ONE Group Hospitality in the fourth quarter valued at about $2,204,000. Nantahala Capital Management LLC grew its stake in shares of ONE Group Hospitality by 23.9% in the fourth quarter. Nantahala Capital Management LLC now owns 2,087,394 shares of the restaurant operator’s stock valued at $6,053,000 after buying an additional 403,321 shares in the last quarter. CastleKnight Management LP grew its stake in shares of ONE Group Hospitality by 9.4% in the fourth quarter. CastleKnight Management LP now owns 1,172,074 shares of the restaurant operator’s stock valued at $3,399,000 after buying an additional 100,300 shares in the last quarter. Repertoire Partners LP acquired a new stake in shares of ONE Group Hospitality in the fourth quarter valued at about $221,000. Finally, JPMorgan Chase & Co. grew its stake in shares of ONE Group Hospitality by 430.8% in the fourth quarter. JPMorgan Chase & Co. now owns 83,411 shares of the restaurant operator’s stock valued at $242,000 after buying an additional 67,698 shares in the last quarter. Institutional investors and hedge funds own 29.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on STKS shares. Stephens reduced their target price on ONE Group Hospitality from $6.00 to $5.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Wedbush restated a “neutral” rating and issued a $3.50 price objective on shares of ONE Group Hospitality in a report on Tuesday, March 11th.

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.