ONE Group Hospitality (NASDAQ:STKS) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.71 and traded as low as $2.78. ONE Group Hospitality shares last traded at $2.83, with a volume of 85,965 shares.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wedbush decreased their price target on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Stephens restated an “overweight” rating and issued a $6.00 target price on shares of ONE Group Hospitality in a report on Monday, December 9th.

ONE Group Hospitality Stock Performance

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 firm has a market capitalization of $90.09 million, a PE ratio of -3.65 and a beta of 2.38. The firm’s 50-day moving average price is $3.18 and its two-hundred day moving average price is $3.70.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings data on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share for the quarter. The firm had revenue of $193.98 million for the quarter, compared to analysts’ expectations of $217.95 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. As a group, research analysts predict that The ONE Group Hospitality, Inc. will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ONE Group Hospitality

A number of institutional investors have recently bought and sold shares of the business. Nantahala Capital Management LLC raised its stake in shares of ONE Group Hospitality by 119.6% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock worth $5,111,000 after purchasing an additional 654,818 shares in the last quarter. Meros Investment Management LP raised 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 buying an additional 10,954 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of 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 valued at $1,308,000 after acquiring an additional 115,394 shares during the last quarter. Zacks Investment Management raised its stake in shares of ONE Group Hospitality by 10.0% in the 3rd quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock valued at $883,000 after acquiring an additional 21,855 shares in the last quarter. Finally, Barclays PLC lifted its holdings in ONE Group Hospitality by 94.4% in the 3rd quarter. Barclays PLC now owns 46,508 shares of the restaurant operator’s stock worth $171,000 after purchasing an additional 22,580 shares during the last quarter. 29.14% of the stock is currently owned by institutional investors and hedge funds.

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.