The ONE Group Hospitality, Inc. (NASDAQ:STKS) Position Increased by Barclays PLC

Barclays PLC boosted its stake in The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,634 shares of the restaurant operator’s stock after buying an additional 3,126 shares during the period. Barclays PLC owned 0.16% of ONE Group Hospitality worth $143,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in STKS. Wells Fargo & Company MN grew its position in ONE Group Hospitality by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 3,316 shares during the last quarter. Stoneridge Investment Partners LLC increased its holdings in shares of ONE Group Hospitality by 22.6% during the fourth quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 2,684 shares during the period. JPMorgan Chase & Co. lifted its holdings in ONE Group Hospitality by 53.8% in the third quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 5,497 shares during the period. Magnus Financial Group LLC bought a new position in ONE Group Hospitality in the 4th quarter valued at about $72,000. Finally, Geode Capital Management LLC raised its position in shares of ONE Group Hospitality by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 506,337 shares of the restaurant operator’s stock worth $1,469,000 after buying an additional 8,162 shares in the last quarter. 29.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

STKS has been the topic of a number of research analyst reports. Stephens lowered their price objective on shares of ONE Group Hospitality from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Northcoast Research began coverage on ONE Group Hospitality in a report on Friday, April 11th. They set a “buy” rating and a $5.00 target price on the stock. StockNews.com upgraded shares of ONE Group Hospitality from a “sell” rating to a “hold” rating in a research report on Friday, May 9th. Wedbush reissued a “neutral” rating and set a $3.50 target price on shares of ONE Group Hospitality in a research note on Tuesday, March 11th. Finally, Noble Financial raised ONE Group Hospitality to a “strong-buy” rating in a report on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.50.

Insider Activity at ONE Group Hospitality

In other news, CFO Tyler Loy purchased 10,000 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were bought at an average price of $2.55 per share, with a total value of $25,500.00. Following the completion of the transaction, the chief financial officer now directly owns 220,246 shares in the company, valued at $561,627.30. This trade represents a 4.76% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 25.10% of the stock is owned by company insiders.

ONE Group Hospitality Stock Up 3.4%

NASDAQ:STKS opened at $4.53 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 6.73. The ONE Group Hospitality, Inc. has a 1-year low of $2.37 and a 1-year high of $6.10. The business’s fifty day moving average price is $2.93 and its 200 day moving average price is $3.13. The firm has a market capitalization of $139.99 million, a price-to-earnings ratio of -5.66 and a beta of 1.97.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings data on Tuesday, May 6th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.32. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. The firm had revenue of $211.13 million during the quarter, compared to analysts’ expectations of $202.87 million. On average, sell-side analysts forecast that The ONE Group Hospitality, Inc. will post -0.18 earnings per share for the current fiscal year.

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.