Short Interest in The ONE Group Hospitality, Inc. (NASDAQ:STKS) Decreases By 12.6%

The ONE Group Hospitality, Inc. (NASDAQ:STKS) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 1,520,000 shares, a decrease of 12.6% from the May 31st total of 1,740,000 shares. Approximately 6.1% of the company’s shares are sold short. Based on an average daily trading volume, of 192,500 shares, the short-interest ratio is currently 7.9 days.

Analysts Set New Price Targets

A number of research firms have recently commented on STKS. StockNews.com upgraded shares of ONE Group Hospitality from a “sell” rating to a “hold” rating in a research note on Friday, April 12th. Stephens restated an “overweight” rating and set a $9.00 price objective on shares of ONE Group Hospitality in a research note on Wednesday, May 8th. Wedbush increased their price objective on shares of ONE Group Hospitality from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th. Finally, Lake Street Capital reduced their price objective on shares of ONE Group Hospitality from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, March 15th.

Insider Activity at ONE Group Hospitality

In other news, Director Eugene M. Bullis bought 19,000 shares of the stock in a transaction on Wednesday, May 22nd. The stock was purchased at an average price of $5.26 per share, for a total transaction of $99,940.00. Following the acquisition, the director now owns 176,200 shares in the company, valued at $926,812. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Eugene M. Bullis bought 19,000 shares of the stock in a transaction on Wednesday, May 22nd. The stock was purchased at an average price of $5.26 per share, for a total transaction of $99,940.00. Following the acquisition, the director now owns 176,200 shares in the company, valued at $926,812. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Haydee Olinger bought 5,740 shares of the stock in a transaction on Friday, May 31st. The shares were purchased at an average price of $5.22 per share, with a total value of $29,962.80. Following the acquisition, the director now owns 44,685 shares in the company, valued at approximately $233,255.70. The disclosure for this purchase can be found here. 19.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ONE Group Hospitality

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in ONE Group Hospitality by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,473,534 shares of the restaurant operator’s stock worth $8,208,000 after acquiring an additional 9,267 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of ONE Group Hospitality by 9.6% during the first quarter. First Eagle Investment Management LLC now owns 977,045 shares of the restaurant operator’s stock worth $5,442,000 after purchasing an additional 85,948 shares during the period. CastleKnight Management LP increased its holdings in shares of ONE Group Hospitality by 0.7% during the fourth quarter. CastleKnight Management LP now owns 801,485 shares of the restaurant operator’s stock worth $4,905,000 after purchasing an additional 5,500 shares during the period. GSA Capital Partners LLP increased its holdings in shares of 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 worth $581,000 after purchasing an additional 57,878 shares during the period. Finally, Barclays PLC increased its holdings in shares of ONE Group Hospitality by 350.1% during the third quarter. Barclays PLC now owns 20,676 shares of the restaurant operator’s stock worth $114,000 after purchasing an additional 16,082 shares during the period. 29.14% of the stock is currently owned by institutional investors and hedge funds.

ONE Group Hospitality Trading Down 1.2 %

Shares of NASDAQ:STKS opened at $4.20 on Tuesday. ONE Group Hospitality has a 52-week low of $3.21 and a 52-week high of $7.87. The company has a market capitalization of $132.26 million, a P/E ratio of 32.69 and a beta of 2.41. The company has a 50-day simple moving average of $5.06 and a 200 day simple moving average of $4.91. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.55 and a current ratio of 0.64.

ONE Group Hospitality (NASDAQ:STKS) last issued its earnings results on Tuesday, May 7th. The restaurant operator reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). ONE Group Hospitality had a net margin of 0.01% and a return on equity of 6.18%. The firm had revenue of $85.00 million during the quarter, compared to analyst estimates of $85.97 million. Sell-side analysts forecast that ONE Group Hospitality will post 0.44 earnings per share for the current year.

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.