Dimensional Fund Advisors LP Sells 153,755 Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS)

Dimensional Fund Advisors LP decreased its holdings in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 37.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255,251 shares of the restaurant operator’s stock after selling 153,755 shares during the period. Dimensional Fund Advisors LP owned about 0.83% of ONE Group Hospitality worth $740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. XTX Topco Ltd bought a new stake in shares of ONE Group Hospitality during the 4th quarter valued at $35,000. Barclays PLC boosted its holdings in ONE Group Hospitality by 6.7% in the 4th quarter. Barclays PLC now owns 49,634 shares of the restaurant operator’s stock worth $143,000 after buying an additional 3,126 shares during the period. Wells Fargo & Company MN boosted its holdings 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 buying an additional 3,316 shares during the period. Geode Capital Management LLC boosted its holdings in ONE Group Hospitality by 1.6% in 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 during the period. Finally, JPMorgan Chase & Co. boosted its holdings in ONE Group Hospitality by 430.8% in the 4th quarter. JPMorgan Chase & Co. now owns 83,411 shares of the restaurant operator’s stock worth $242,000 after buying an additional 67,698 shares during the period. Institutional investors own 29.14% of the company’s stock.

ONE Group Hospitality Stock Down 3.4%

Shares of STKS stock opened at $4.26 on Friday. The stock has a market cap of $131.65 million, a P/E ratio of -5.33 and a beta of 1.97. The ONE Group Hospitality, Inc. has a 52 week low of $2.37 and a 52 week high of $5.80. 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 company’s fifty day simple moving average is $3.05 and its two-hundred day simple moving average is $3.16.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings results on Tuesday, May 6th. The restaurant operator reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.32. The business had revenue of $211.13 million for the quarter, compared to analysts’ expectations of $202.87 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. Analysts predict that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

STKS has been the subject of several recent analyst reports. Noble Financial raised shares of ONE Group Hospitality to a “strong-buy” rating in a report on Wednesday, April 23rd. Stephens dropped their target price on shares of ONE Group Hospitality from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Wedbush reaffirmed a “neutral” rating and issued a $3.50 target price on shares of ONE Group Hospitality in a report on Tuesday, March 11th. StockNews.com raised shares of ONE Group Hospitality from a “sell” rating to a “hold” rating in a report on Friday, May 9th. Finally, Northcoast Research initiated coverage on shares of ONE Group Hospitality in a report on Friday, April 11th. They issued a “buy” rating and a $5.00 target price for the company. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $4.50.

Insiders Place Their Bets

In other ONE Group Hospitality news, CFO Tyler Loy bought 10,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were purchased at an average cost of $2.55 per share, for a total transaction of $25,500.00. Following the transaction, the chief financial officer now owns 220,246 shares of the company’s stock, valued at $561,627.30. This represents a 4.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 25.10% of the company’s stock.

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.