Panagora Asset Management Inc. Grows Stock Position in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

Panagora Asset Management Inc. raised its holdings in The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 79.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,777 shares of the restaurant operator’s stock after buying an additional 27,354 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.20% of ONE Group Hospitality worth $263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in ONE Group Hospitality by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,473,534 shares of the restaurant operator’s stock valued at $8,208,000 after purchasing an additional 9,267 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of ONE Group Hospitality by 9.6% during the 1st quarter. First Eagle Investment Management LLC now owns 977,045 shares of the restaurant operator’s stock worth $5,442,000 after buying an additional 85,948 shares during the last quarter. CastleKnight Management LP raised its position in shares of ONE Group Hospitality by 0.7% in the 4th quarter. CastleKnight Management LP now owns 801,485 shares of the restaurant operator’s stock worth $4,905,000 after buying an additional 5,500 shares during the period. GSA Capital Partners LLP raised its position 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 period. Finally, Simplex Trading LLC acquired a new position in ONE Group Hospitality in the fourth quarter valued at $75,000. Institutional investors and hedge funds own 29.14% of the company’s stock.

ONE Group Hospitality Price Performance

STKS stock opened at $3.46 on Thursday. The stock has a 50-day simple moving average of $4.23 and a 200-day simple moving average of $4.62. The firm has a market cap of $108.95 million, a P/E ratio of 26.07 and a beta of 2.41. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.55 and a current ratio of 0.63. The ONE Group Hospitality, Inc. has a 1 year low of $3.21 and a 1 year high of $7.07.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The company had revenue of $172.49 million for the quarter, compared to analyst estimates of $178.22 million. ONE Group Hospitality had a negative net margin of 1.76% and a positive return on equity of 14.71%. During the same quarter last year, the firm posted $0.06 earnings per share. On average, equities analysts predict that The ONE Group Hospitality, Inc. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on STKS. Stephens restated an “overweight” rating and issued a $9.00 price objective on shares of ONE Group Hospitality in a report on Wednesday, August 7th. Wedbush lifted their price target on shares of ONE Group Hospitality from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Friday, May 10th. Finally, StockNews.com downgraded shares of ONE Group Hospitality from a “hold” rating to a “sell” rating in a research note on Friday, August 9th.

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.