Barclays PLC Acquires 22,580 Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS)

Barclays PLC raised its holdings in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 94.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,508 shares of the restaurant operator’s stock after acquiring an additional 22,580 shares during the period. Barclays PLC owned about 0.15% of ONE Group Hospitality worth $171,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nantahala Capital Management LLC grew its holdings in shares of ONE Group Hospitality by 119.6% in the second quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock worth $5,111,000 after purchasing an additional 654,818 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of ONE Group Hospitality by 60.0% in the second quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock worth $1,308,000 after purchasing an additional 115,394 shares during the last quarter. Zacks Investment Management grew its holdings in shares of ONE Group Hospitality by 10.0% in the third 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. GSA Capital Partners LLP bought a new position in shares of ONE Group Hospitality in the third quarter worth approximately $54,000. Finally, Stoneridge Investment Partners LLC bought a new position in shares of ONE Group Hospitality in the third quarter worth approximately $44,000. 29.14% of the stock is currently owned by institutional investors.

ONE Group Hospitality Stock Performance

Shares of STKS stock opened at $3.45 on Thursday. The stock has a fifty day moving average of $3.11 and a 200 day moving average of $3.59. The ONE Group Hospitality, Inc. has a 52 week low of $2.68 and a 52 week high of $6.10. The firm has a market capitalization of $106.43 million, a price-to-earnings ratio of -4.31 and a beta of 2.38. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 6.73.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) EPS for the quarter. The business had revenue of $193.98 million during the quarter, compared to analysts’ expectations of $217.95 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. As a group, research analysts expect that The ONE Group Hospitality, Inc. will post -0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wedbush cut their target price on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating on the stock in a report on Monday, November 11th. Stephens restated an “overweight” rating and issued a $6.00 target price on shares of ONE Group Hospitality in a report on Monday, January 13th.

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.