ONE Group Hospitality (NASDAQ:STKS) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.84 and traded as high as $1.92. ONE Group Hospitality shares last traded at $1.85, with a volume of 15,573 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research cut ONE Group Hospitality from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, ONE Group Hospitality presently has a consensus rating of “Reduce” and a consensus price target of $4.50.

ONE Group Hospitality Trading Up 1.4%

The company has a market capitalization of $58.07 million, a PE ratio of -0.46 and a beta of 1.34. The stock has a fifty day moving average of $1.84 and a two-hundred day moving average of $1.95.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.32). The company had revenue of $212.82 million during the quarter, compared to analysts’ expectations of $218.55 million. ONE Group Hospitality had a negative return on equity of 6.77% and a negative net margin of 11.15%. Equities analysts forecast that The ONE Group Hospitality, Inc. will post -0.69 EPS for the current year.

Hedge Funds Weigh In On ONE Group Hospitality

Large investors have recently bought and sold shares of the stock. Group One Trading LLC increased its stake in ONE Group Hospitality by 18,965.0% in the 3rd quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock worth $56,000 after purchasing an additional 18,965 shares during the period. Squarepoint Ops LLC purchased a new position in ONE Group Hospitality in the 3rd quarter worth approximately $97,000. Bank of America Corp DE increased its stake in ONE Group Hospitality by 18.7% in the 4th 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 period. Piedmont Capital Management LLC NC purchased a new position in ONE Group Hospitality in the 4th quarter worth approximately $104,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of ONE Group Hospitality in the 2nd quarter worth approximately $132,000. 29.14% of the stock is owned by hedge funds and other institutional investors.

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.