The ONE Group Hospitality, Inc. (NASDAQ:STKS) Sees Large Decrease in Short Interest

The ONE Group Hospitality, Inc. (NASDAQ:STKS) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 1,520,000 shares, a drop of 12.6% from the May 31st total of 1,740,000 shares. Approximately 6.1% of the shares of the company are short sold. Based on an average daily volume of 192,500 shares, the days-to-cover ratio is currently 7.9 days.

Insider Buying and Selling

In related news, Director Haydee Olinger bought 5,740 shares of the company’s stock in a transaction on Friday, May 31st. The shares were purchased at an average cost of $5.22 per share, with a total value of $29,962.80. Following the completion of the transaction, the director now directly owns 44,685 shares of the company’s stock, valued at $233,255.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other ONE Group Hospitality news, Director Eugene M. Bullis acquired 19,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was purchased at an average cost of $5.26 per share, for a total transaction of $99,940.00. Following the transaction, the director now owns 176,200 shares of the company’s stock, valued at approximately $926,812. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Haydee Olinger purchased 5,740 shares of ONE Group Hospitality stock in a transaction dated Friday, May 31st. The shares were purchased at an average price of $5.22 per share, with a total value of $29,962.80. Following the completion of the acquisition, the director now owns 44,685 shares in the company, valued at $233,255.70. The disclosure for this purchase can be found here. 19.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ONE Group Hospitality

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of ONE Group Hospitality by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,473,534 shares of the restaurant operator’s stock valued at $8,208,000 after purchasing an additional 9,267 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in ONE Group Hospitality by 9.6% in the 1st quarter. First Eagle Investment Management LLC now owns 977,045 shares of the restaurant operator’s stock worth $5,442,000 after purchasing an additional 85,948 shares during the period. GSA Capital Partners LLP boosted its stake 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 purchasing an additional 57,878 shares during the period. CastleKnight Management LP boosted its position in shares of ONE Group Hospitality by 0.7% during the 4th quarter. CastleKnight Management LP now owns 801,485 shares of the restaurant operator’s stock valued at $4,905,000 after acquiring an additional 5,500 shares during the last quarter. Finally, Simplex Trading LLC bought a new stake in shares of ONE Group Hospitality during the 4th quarter valued at about $75,000. Institutional investors and hedge funds own 29.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on STKS shares. StockNews.com upgraded ONE Group Hospitality from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. Wedbush upped their price objective on ONE Group Hospitality from $5.00 to $6.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. Lake Street Capital reduced their price target on ONE Group Hospitality from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, March 15th. Finally, Stephens reissued an “overweight” rating and set a $9.00 price target on shares of ONE Group Hospitality in a research report on Wednesday, May 8th.

ONE Group Hospitality Trading Down 1.4 %

NASDAQ STKS opened at $4.25 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.64 and a debt-to-equity ratio of 1.06. ONE Group Hospitality has a twelve month low of $3.21 and a twelve month high of $7.87. The company has a market cap of $133.83 million, a price-to-earnings ratio of 33.15 and a beta of 2.39. The business’s fifty day moving average is $5.08 and its 200 day moving average is $4.92.

ONE Group Hospitality (NASDAQ:STKS) last announced its earnings results on Tuesday, May 7th. The restaurant operator reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). ONE Group Hospitality had a return on equity of 6.18% and a net margin of 0.01%. The company had revenue of $85.00 million for the quarter, compared to analyst estimates of $85.97 million. As a group, sell-side analysts expect that ONE Group Hospitality will post 0.44 EPS for the current fiscal year.

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.