The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Purchases $99,940.00 in Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKSGet Free Report) Director Eugene M. Bullis purchased 19,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average price of $5.26 per share, for a total transaction of $99,940.00. Following the purchase, the director now owns 176,200 shares of the company’s stock, valued at approximately $926,812. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

ONE Group Hospitality Stock Performance

Shares of NASDAQ:STKS traded down $0.08 during trading on Thursday, hitting $5.21. 151,406 shares of the stock were exchanged, compared to its average volume of 178,261. The company’s fifty day simple moving average is $5.18 and its 200-day simple moving average is $4.90. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.55 and a current ratio of 0.64. The company has a market capitalization of $163.70 million, a price-to-earnings ratio of 40.69 and a beta of 2.42. The ONE Group Hospitality, Inc. has a 1-year low of $3.21 and a 1-year high of $8.02.

ONE Group Hospitality (NASDAQ:STKSGet Free Report) last announced its quarterly earnings data on Thursday, March 14th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. ONE Group Hospitality had a net margin of 0.01% and a return on equity of 6.18%. The company had revenue of $89.94 million during the quarter, compared to analysts’ expectations of $96.98 million. Sell-side analysts expect that The ONE Group Hospitality, Inc. will post 0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on STKS

Hedge Funds Weigh In On ONE Group Hospitality

Several hedge funds and other institutional investors have recently modified their holdings of STKS. Simplex Trading LLC acquired a new position in ONE Group Hospitality during the fourth quarter worth $75,000. Barclays PLC lifted its holdings in ONE Group Hospitality by 350.1% during the 3rd quarter. Barclays PLC now owns 20,676 shares of the restaurant operator’s stock valued at $114,000 after purchasing an additional 16,082 shares during the last quarter. GSA Capital Partners LLP boosted its position in ONE Group Hospitality by 124.8% in 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 in the last quarter. Bank of New York Mellon Corp grew its stake in ONE Group Hospitality by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 139,018 shares of the restaurant operator’s stock worth $765,000 after buying an additional 2,592 shares during the last quarter. Finally, Meros Investment Management LP increased its holdings in shares of ONE Group Hospitality by 15.6% during the third quarter. Meros Investment Management LP now owns 676,043 shares of the restaurant operator’s stock worth $3,718,000 after buying an additional 91,037 shares in the last quarter. Institutional investors own 29.14% of the company’s stock.

ONE Group Hospitality Company Profile

(Get Free Report)

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.

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