Jane Street Group LLC Lowers Holdings in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

Jane Street Group LLC lessened its stake in The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 52.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,466 shares of the restaurant operator’s stock after selling 23,454 shares during the period. Jane Street Group LLC owned about 0.07% of ONE Group Hospitality worth $79,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. lifted its position in shares of ONE Group Hospitality by 60.0% during the 2nd quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock valued at $1,308,000 after buying an additional 115,394 shares in the last quarter. Meros Investment Management LP lifted its holdings 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 purchasing an additional 10,954 shares in the last quarter. Nantahala Capital Management LLC lifted its holdings in ONE Group Hospitality by 119.6% during the second quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock valued at $5,111,000 after purchasing an additional 654,818 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of ONE Group Hospitality in the third quarter valued at about $44,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of ONE Group Hospitality during the third quarter worth about $54,000. Institutional investors and hedge funds own 29.14% of the company’s stock.

Analyst Upgrades and Downgrades

STKS has been the topic of a number of research reports. Stephens restated an “overweight” rating and issued a $6.00 price objective on shares of ONE Group Hospitality in a report on Monday. Wedbush reduced their target price 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.

ONE Group Hospitality Stock Performance

Shares of ONE Group Hospitality stock opened at $3.42 on Thursday. The firm’s 50 day moving average is $3.11 and its two-hundred day moving average is $3.62. 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 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 $105.52 million, a P/E ratio of -4.28 and a beta of 2.38.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share (EPS) for the quarter. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. The company had revenue of $193.98 million during the quarter, compared to analysts’ expectations of $217.95 million. Research analysts forecast that The ONE Group Hospitality, Inc. will post 0.04 EPS for the current fiscal year.

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.