GSA Capital Partners LLP Takes Position in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

GSA Capital Partners LLP bought a new stake in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 14,574 shares of the restaurant operator’s stock, valued at approximately $54,000.

Several other institutional investors also recently added to or reduced their stakes in STKS. Stoneridge Investment Partners LLC acquired a new stake in shares of ONE Group Hospitality in the third quarter worth $44,000. Legato Capital Management LLC bought a new stake in shares of ONE Group Hospitality in the second quarter valued at about $45,000. Panagora Asset Management Inc. grew its position in 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 worth $263,000 after buying an additional 27,354 shares in the last quarter. American Century Companies Inc. increased its stake in ONE Group Hospitality by 60.0% during the second 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 period. Finally, Meros Investment Management LP increased its stake in ONE Group Hospitality by 1.6% during the second 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 period. 29.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

STKS has been the topic of several recent research reports. Stephens reissued an “overweight” rating and set a $9.00 price objective on shares of ONE Group Hospitality in a report on Wednesday, August 7th. StockNews.com downgraded shares of ONE Group Hospitality from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, Wedbush lowered 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 research note on Monday, November 11th.

ONE Group Hospitality Price Performance

NASDAQ:STKS opened at $3.53 on Tuesday. The ONE Group Hospitality, Inc. has a 12 month low of $2.91 and a 12 month high of $6.45. The company’s 50-day moving average price is $3.48 and its two-hundred day moving average price is $4.13. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 6.73. The firm has a market cap of $108.90 million, a PE ratio of -4.68 and a beta of 2.40.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share for the quarter. The business had revenue of $193.98 million for the quarter, compared to analyst estimates of $217.95 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. On average, equities analysts anticipate that The ONE Group Hospitality, Inc. will post 0.2 EPS for the current fiscal year.

ONE Group Hospitality 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.