The ONE Group Hospitality, Inc. (NASDAQ:STKS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 7.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,733 shares of the restaurant operator’s stock after selling 6,885 shares during the period. Bank of New York Mellon Corp owned about 0.25% of ONE Group Hospitality worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its position in shares of ONE Group Hospitality by 124.8% in the first 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 during the period. Vanguard Group Inc. increased its stake in shares of ONE Group Hospitality by 0.6% in 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 in the last quarter. CastleKnight Management LP boosted its position in ONE Group Hospitality by 0.7% during the fourth quarter. CastleKnight Management LP now owns 801,485 shares of the restaurant operator’s stock worth $4,905,000 after purchasing an additional 5,500 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in ONE Group Hospitality by 9.6% during the first 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 in the last quarter. 29.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

ONE Group Hospitality Trading Down 3.3 %

Shares of ONE Group Hospitality stock opened at $3.51 on Thursday. 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 ONE Group Hospitality, Inc. has a twelve month low of $3.13 and a twelve month high of $6.45. The firm has a market capitalization of $109.34 million, a PE ratio of 23.87 and a beta of 2.40. The firm’s 50-day moving average price is $3.95 and its 200 day moving average price is $4.58.

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