The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Haydee Olinger Acquires 5,740 Shares

The ONE Group Hospitality, Inc. (NASDAQ:STKSGet Free Report) Director Haydee Olinger bought 5,740 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was purchased at an average cost of $5.22 per share, with a total value of $29,962.80. Following the transaction, the director now directly owns 44,685 shares in the company, valued at approximately $233,255.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ONE Group Hospitality Stock Performance

Shares of STKS opened at $5.08 on Wednesday. The business’s fifty day simple moving average is $5.38 and its two-hundred day simple moving average is $4.95. The company has a current ratio of 0.64, a quick ratio of 0.55 and a debt-to-equity ratio of 1.06. The ONE Group Hospitality, Inc. has a 12 month low of $3.21 and a 12 month high of $8.02. The company has a market cap of $159.61 million, a price-to-earnings ratio of 38.62 and a beta of 2.39.

ONE Group Hospitality (NASDAQ:STKSGet Free Report) last issued its earnings results on Tuesday, May 7th. The restaurant operator reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). ONE Group Hospitality had a net margin of 0.01% and a return on equity of 6.18%. The business had revenue of $85.00 million for the quarter, compared to analysts’ expectations of $85.97 million. Research analysts anticipate that The ONE Group Hospitality, Inc. will post 0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on STKS shares. StockNews.com upgraded ONE Group Hospitality from a “sell” rating to a “hold” rating in a research note on Friday, April 12th. Wedbush upped their price target on ONE Group Hospitality from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th. Stephens restated an “overweight” rating and issued a $9.00 price target on shares of ONE Group Hospitality in a research note on Wednesday, May 8th. Finally, Lake Street Capital cut their price target on ONE Group Hospitality from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, March 15th.

Read Our Latest Stock Report on ONE Group Hospitality

Institutional Trading of ONE Group Hospitality

Several institutional investors have recently added to or reduced their stakes in STKS. Simplex Trading LLC purchased a new stake in ONE Group Hospitality during the 4th quarter valued at $75,000. Barclays PLC boosted its stake in shares of ONE Group Hospitality by 350.1% in the 3rd quarter. Barclays PLC now owns 20,676 shares of the restaurant operator’s stock worth $114,000 after buying an additional 16,082 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of ONE Group Hospitality by 124.8% in the 1st 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 last quarter. Bank of New York Mellon Corp boosted its stake in shares of ONE Group Hospitality by 1.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 139,018 shares of the restaurant operator’s stock worth $765,000 after buying an additional 2,592 shares during the last quarter. Finally, Meros Investment Management LP boosted its stake in shares of ONE Group Hospitality by 15.6% in the 3rd quarter. Meros Investment Management LP now owns 676,043 shares of the restaurant operator’s stock worth $3,718,000 after buying an additional 91,037 shares during the last quarter. 29.14% of the stock is currently owned by hedge funds and other institutional investors.

About ONE Group Hospitality

(Get Free Report)

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.

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