ONE Group Hospitality (NASDAQ:STKS) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

The ONE Group Hospitality, Inc. (NASDAQ:STKS) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.31 and traded as low as $1.91. ONE Group Hospitality shares last traded at $2.23, with a volume of 19,094 shares.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Zacks Research upgraded ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Lake Street Capital lowered their price objective on shares of ONE Group Hospitality from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, January 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of ONE Group Hospitality in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $4.50.

ONE Group Hospitality Stock Performance

The business has a 50-day moving average of $2.06 and a two-hundred day moving average of $2.31. The company has a debt-to-equity ratio of 16.52, a current ratio of 0.35 and a quick ratio of 0.29. The company has a market cap of $69.35 million, a P/E ratio of -0.60, a P/E/G ratio of 0.26 and a beta of 1.65.

Institutional Investors Weigh In On ONE Group Hospitality

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in ONE Group Hospitality by 18.7% in the fourth quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 5,477 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of ONE Group Hospitality by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,227,751 shares of the restaurant operator’s stock worth $3,634,000 after purchasing an additional 14,765 shares in the last quarter. Empirical Finance LLC purchased a new position in ONE Group Hospitality during the 2nd quarter worth $63,000. Dimensional Fund Advisors LP grew its stake in ONE Group Hospitality by 35.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 70,839 shares of the restaurant operator’s stock worth $210,000 after buying an additional 18,435 shares during the last quarter. Finally, Group One Trading LLC increased its position in ONE Group Hospitality by 18,965.0% during the 3rd quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock valued at $56,000 after buying an additional 18,965 shares in the last quarter. Hedge funds and other institutional investors own 29.14% of the company’s stock.

About ONE Group Hospitality

ONE Group Hospitality Inc is a full-service hospitality company primarily engaged in the development, ownership and operation of upscale restaurant and lounge concepts. The company’s flagship brand, STK, combines a modern steakhouse menu with a high-energy lounge atmosphere, offering signature cuts of beef, fresh seafood, sushi selections, craft cocktails and an extensive wine program. ONE Group’s concept emphasizes a seamless blend of fine dining and nightlife, catering to guests seeking both culinary excellence and an immersive social experience.

Headquartered in El Segundo, California, ONE Group deploys a mixed model of company-owned and franchised locations across multiple markets.