Nantahala Capital Management LLC Boosts Stock Position in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

Nantahala Capital Management LLC increased its position in The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 119.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,202,528 shares of the restaurant operator’s stock after buying an additional 654,818 shares during the quarter. Nantahala Capital Management LLC owned 3.82% of ONE Group Hospitality worth $5,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of STKS. Legato Capital Management LLC bought a new stake in shares of ONE Group Hospitality in the 2nd quarter worth approximately $45,000. Panagora Asset Management Inc. grew its stake in shares of ONE Group Hospitality by 79.5% during the second quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock valued at $263,000 after buying an additional 27,354 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of 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 worth $581,000 after buying an additional 57,878 shares during the period. American Century Companies Inc. lifted its stake in shares of ONE Group Hospitality by 60.0% in the 2nd quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock valued at $1,308,000 after acquiring an additional 115,394 shares during the last quarter. Finally, Meros Investment Management LP lifted its stake in shares of ONE Group Hospitality by 1.6% in the 2nd quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock valued at $2,960,000 after acquiring an additional 10,954 shares during the last quarter. Hedge funds and other institutional investors own 29.14% of the company’s stock.

ONE Group Hospitality Price Performance

NASDAQ STKS opened at $3.68 on Tuesday. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.55 and a current ratio of 0.63. The company has a market capitalization of $115.88 million, a price-to-earnings ratio of 24.53 and a beta of 2.40. The stock has a 50-day moving average of $3.90 and a 200 day moving average of $4.59. The ONE Group Hospitality, Inc. has a one year low of $3.13 and a one year high of $6.45.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of ONE Group Hospitality from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Stephens restated an “overweight” rating and issued a $9.00 price objective on shares of ONE Group Hospitality in a report on Wednesday, August 7th.

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.