JPMorgan Chase & Co. Increases Stock Position in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

JPMorgan Chase & Co. grew its stake in The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 430.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,411 shares of the restaurant operator’s stock after buying an additional 67,698 shares during the period. JPMorgan Chase & Co. owned approximately 0.27% of ONE Group Hospitality worth $242,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Stoneridge Investment Partners LLC lifted its holdings in shares of ONE Group Hospitality by 22.6% during the 4th quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 2,684 shares during the last quarter. Magnus Financial Group LLC purchased a new stake in ONE Group Hospitality during the fourth quarter valued at about $72,000. Finally, Barclays PLC lifted its stake in ONE Group Hospitality by 94.4% during the third quarter. Barclays PLC now owns 46,508 shares of the restaurant operator’s stock worth $171,000 after purchasing an additional 22,580 shares during the last quarter. Institutional investors own 29.14% of the company’s stock.

Insider Buying and Selling

In related news, CFO Tyler Loy purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average price of $2.55 per share, for a total transaction of $25,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 220,246 shares in the company, valued at approximately $561,627.30. The trade was a 4.76 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 25.10% of the stock is owned by insiders.

ONE Group Hospitality Price Performance

Shares of ONE Group Hospitality stock opened at $3.10 on Friday. The company has a debt-to-equity ratio of 6.73, a current ratio of 0.52 and a quick ratio of 0.44. The ONE Group Hospitality, Inc. has a one year low of $2.37 and a one year high of $6.10. The business’s 50 day simple moving average is $2.89 and its two-hundred day simple moving average is $3.14. The stock has a market capitalization of $96.18 million, a P/E ratio of -3.88 and a beta of 1.97.

ONE Group Hospitality (NASDAQ:STKS) last issued its earnings results on Monday, March 10th. The restaurant operator reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.33). The firm had revenue of $221.88 million during the quarter, compared to analysts’ expectations of $217.71 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. Analysts forecast that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current year.

Analyst Upgrades and Downgrades

STKS has been the topic of a number of research reports. Noble Financial raised ONE Group Hospitality to a “strong-buy” rating in a report on Wednesday, April 23rd. Northcoast Research began coverage on shares of ONE Group Hospitality in a report on Friday, April 11th. They issued a “buy” rating and a $5.00 price objective for the company. Stephens cut their price objective on shares of ONE Group Hospitality from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Finally, Wedbush reiterated a “neutral” rating and issued a $3.50 target price on shares of ONE Group Hospitality in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ONE Group Hospitality currently has an average rating of “Moderate Buy” and a consensus price target of $4.50.

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.