ONE Group Hospitality (NASDAQ:STKS) Share Price Passes Below 200 Day Moving Average – What’s Next?

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.42 and traded as low as $3.34. ONE Group Hospitality shares last traded at $3.34, with a volume of 58,758 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on STKS shares. Stephens reissued an “overweight” rating and issued a $9.00 target price on shares of ONE Group Hospitality in a research report on Wednesday, August 7th. StockNews.com cut shares of ONE Group Hospitality from a “hold” rating to a “sell” rating in a report on Friday, August 9th.

ONE Group Hospitality Trading Down 2.9 %

The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 5.03. The stock has a market capitalization of $105.17 million, a PE ratio of -8.79 and a beta of 2.40. The stock has a 50 day moving average price of $3.60 and a 200-day moving average price of $4.42.

ONE Group Hospitality (NASDAQ:STKS) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. The business had revenue of $172.49 million for the quarter, compared to analysts’ expectations of $178.22 million. ONE Group Hospitality had a positive return on equity of 14.71% and a negative net margin of 1.76%. During the same period last year, the firm posted $0.06 earnings per share. Sell-side analysts expect that The ONE Group Hospitality, Inc. will post 0.5 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Legato Capital Management LLC purchased a new stake in ONE Group Hospitality in the second quarter worth about $45,000. Panagora Asset Management Inc. increased its holdings in ONE Group Hospitality by 79.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock worth $263,000 after acquiring an additional 27,354 shares in the last quarter. GSA Capital Partners LLP increased its holdings in 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 acquiring an additional 57,878 shares in the last quarter. American Century Companies Inc. raised its stake in ONE Group Hospitality by 60.0% during the 2nd quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock worth $1,308,000 after acquiring an additional 115,394 shares during the period. Finally, Meros Investment Management LP lifted its holdings in ONE Group Hospitality by 1.6% during the second quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock valued at $2,960,000 after purchasing an additional 10,954 shares in the last quarter. 29.14% of the stock is currently owned by institutional investors.

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.