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

The ONE Group Hospitality, Inc. (NASDAQ:STKS) CFO Tyler Loy acquired 10,000 shares of the stock in a transaction on Friday, March 14th. The shares were acquired at an average price of $2.55 per share, with a total value of $25,500.00. Following the purchase, the chief financial officer now owns 220,246 shares in the company, valued at $561,627.30. This represents a 4.76 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

ONE Group Hospitality Trading Up 0.8 %

NASDAQ:STKS opened at $2.60 on Wednesday. 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 business’s 50 day moving average is $3.21 and its two-hundred day moving average is $3.29. The ONE Group Hospitality, Inc. has a 52 week low of $2.37 and a 52 week high of $6.10. The company has a market cap of $80.71 million, a PE ratio of -3.25 and a beta of 2.46.

ONE Group Hospitality (NASDAQ:STKS) last released its 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 for the quarter, compared to the consensus estimate of $217.71 million. On average, analysts predict that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Stephens lowered their price objective on ONE Group Hospitality from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Wedbush restated a “neutral” rating and set a $3.50 price objective on shares of ONE Group Hospitality in a research note on Tuesday, March 11th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new stake in shares of ONE Group Hospitality in the 3rd quarter worth approximately $54,000. Zacks Investment Management lifted its holdings in shares of ONE Group Hospitality by 10.0% in the 3rd quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock worth $883,000 after purchasing an additional 21,855 shares during the last quarter. Barclays PLC lifted its holdings in shares of ONE Group Hospitality by 94.4% in the 3rd quarter. Barclays PLC now owns 46,508 shares of the restaurant operator’s stock worth $171,000 after purchasing an additional 22,580 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of ONE Group Hospitality by 53.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 5,497 shares during the last quarter. Finally, Magnus Financial Group LLC bought a new stake in shares of ONE Group Hospitality in the 4th quarter worth approximately $72,000. Institutional investors own 29.14% of the company’s stock.

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.