ONE Group Hospitality (NASDAQ:STKS) Stock Price Crosses Below 200 Day Moving Average of $4.58

The ONE Group Hospitality, Inc. (NASDAQ:STKS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.58 and traded as low as $3.54. ONE Group Hospitality shares last traded at $3.57, with a volume of 174,017 shares.

Analyst Ratings Changes

STKS has been the subject of several recent analyst reports. Stephens restated an “overweight” rating and set a $9.00 target price on shares of ONE Group Hospitality in a research note on Wednesday, August 7th. StockNews.com cut ONE Group Hospitality from a “hold” rating to a “sell” rating in a research note on Friday, August 9th.

ONE Group Hospitality Stock Down 3.8 %

The firm has a market capitalization of $111.21 million, a price-to-earnings ratio of 23.33 and a beta of 2.40. The stock has a fifty day moving average of $4.03 and a two-hundred day moving average of $4.58. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.63 and a quick ratio of 0.55.

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

Institutional Trading of ONE Group Hospitality

Institutional investors and hedge funds have recently bought and sold shares of the stock. CastleKnight Management LP grew its holdings in ONE Group Hospitality by 0.7% during the 4th quarter. CastleKnight Management LP now owns 801,485 shares of the restaurant operator’s stock worth $4,905,000 after acquiring an additional 5,500 shares during the period. GSA Capital Partners LLP grew its holdings in ONE Group Hospitality by 124.8% during the 1st quarter. GSA Capital Partners LLP now owns 104,257 shares of the restaurant operator’s stock worth $581,000 after acquiring an additional 57,878 shares during the period. First Eagle Investment Management LLC grew its holdings in ONE Group Hospitality by 9.6% during the 1st quarter. First Eagle Investment Management LLC now owns 977,045 shares of the restaurant operator’s stock worth $5,442,000 after acquiring an additional 85,948 shares during the period. Vanguard Group Inc. grew its holdings in ONE Group Hospitality by 0.6% during the 1st 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 period. Finally, Legato Capital Management LLC acquired a new stake in ONE Group Hospitality during the 2nd quarter worth about $45,000. 29.14% of the stock is currently owned by institutional investors and hedge funds.

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.