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

Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.93 and traded as low as $1.73. ONE Group Hospitality shares last traded at $1.75, with a volume of 35,931 shares traded.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Zacks Research upgraded shares of ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of ONE Group Hospitality in a report on Friday, July 10th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.50.

ONE Group Hospitality Price Performance

The company has a market cap of $55.23 million, a price-to-earnings ratio of -0.43 and a beta of 1.36. The firm’s 50 day simple moving average is $1.88 and its 200-day simple moving average is $1.93.

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

Institutional Trading of ONE Group Hospitality

A number of large investors have recently made changes to their positions in the company. McGowan Group Asset Management Inc. grew its stake in ONE Group Hospitality by 12.7% during the 4th quarter. McGowan Group Asset Management Inc. now owns 945,000 shares of the restaurant operator’s stock worth $1,654,000 after buying an additional 106,665 shares during the last quarter. Jane Street Group LLC lifted its stake in ONE Group Hospitality by 423.5% in the second quarter. Jane Street Group LLC now owns 101,174 shares of the restaurant operator’s stock valued at $410,000 after buying an additional 81,848 shares during the last quarter. Piedmont Capital Management LLC NC purchased a new stake in ONE Group Hospitality in the fourth quarter valued at approximately $104,000. CastleKnight Management LP lifted its stake in ONE Group Hospitality by 4.7% in the fourth quarter. CastleKnight Management LP now owns 1,286,991 shares of the restaurant operator’s stock valued at $2,252,000 after buying an additional 58,015 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of ONE Group Hospitality in the third quarter valued at approximately $170,000. 29.14% of the stock is owned by institutional investors and hedge funds.

ONE Group Hospitality Company Profile

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.