JPMorgan Chase & Co. Has $58,000 Holdings in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

JPMorgan Chase & Co. boosted its position in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 53.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,713 shares of the restaurant operator’s stock after buying an additional 5,497 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.05% of ONE Group Hospitality worth $58,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Barclays PLC lifted its stake 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 valued at $171,000 after purchasing an additional 22,580 shares during the period. Zacks Investment Management lifted its stake 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 valued at $883,000 after purchasing an additional 21,855 shares during the period. GSA Capital Partners LLP acquired a new position in shares of ONE Group Hospitality in the 3rd quarter valued at $54,000. Finally, Stoneridge Investment Partners LLC acquired a new position in shares of ONE Group Hospitality in the 3rd quarter valued at $44,000. Institutional investors and hedge funds own 29.14% of the company’s stock.

ONE Group Hospitality Price Performance

Shares of NASDAQ:STKS opened at $3.68 on Tuesday. The stock has a market cap of $113.53 million, a PE ratio of -4.60 and a beta of 2.42. The company’s fifty day moving average is $3.21 and its 200 day moving average is $3.55. The ONE Group Hospitality, Inc. has a 52 week low of $2.68 and a 52 week high of $6.10. 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 posted its quarterly earnings data on Thursday, November 7th. The restaurant operator reported ($0.30) EPS for the quarter. The business had revenue of $193.98 million for the quarter, compared to the consensus estimate of $217.95 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. Research analysts anticipate that The ONE Group Hospitality, Inc. will post -0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

STKS has been the subject of a number of recent analyst reports. Wedbush lowered their price objective on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating for the company in a research report on Monday, November 11th. Stephens restated an “overweight” rating and issued a $6.00 price objective on shares of ONE Group Hospitality in a report on Monday, January 13th.

ONE Group Hospitality Company Profile

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.