Meros Investment Management LP Has $2.96 Million Stock Position in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

Meros Investment Management LP raised its holdings in The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 1.6% during the second quarter, HoldingsChannel reports. The firm owned 696,382 shares of the restaurant operator’s stock after acquiring an additional 10,954 shares during the quarter. Meros Investment Management LP’s holdings in ONE Group Hospitality were worth $2,960,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. GSA Capital Partners LLP boosted its stake in 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 valued at $581,000 after buying an additional 57,878 shares in the last quarter. Panagora Asset Management Inc. raised its stake in ONE Group Hospitality by 79.5% during the second quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock worth $263,000 after acquiring an additional 27,354 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of ONE Group Hospitality by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,473,534 shares of the restaurant operator’s stock worth $8,208,000 after acquiring an additional 9,267 shares during the last quarter. CastleKnight Management LP boosted its stake in shares of ONE Group Hospitality by 0.7% in the 4th quarter. CastleKnight Management LP now owns 801,485 shares of the restaurant operator’s stock valued at $4,905,000 after purchasing an additional 5,500 shares in the last quarter. Finally, Legato Capital Management LLC bought a new stake in shares of ONE Group Hospitality during the 2nd quarter valued at approximately $45,000. Institutional investors own 29.14% of the company’s stock.

Analyst Upgrades and Downgrades

STKS has been the topic of a number of research reports. Stephens reaffirmed an “overweight” rating and set a $9.00 target price on shares of ONE Group Hospitality in a research note on Wednesday, August 7th. StockNews.com downgraded ONE Group Hospitality from a “hold” rating to a “sell” rating in a report on Friday, August 9th.

ONE Group Hospitality Stock Up 4.8 %

NASDAQ:STKS opened at $3.68 on Friday. The ONE Group Hospitality, Inc. has a one year low of $3.13 and a one year high of $6.45. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.63 and a quick ratio of 0.55. The company has a market cap of $114.63 million, a PE ratio of 24.20 and a beta of 2.40. The firm’s 50 day simple moving average is $3.92 and its 200 day simple moving average is $4.58.

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

About ONE Group Hospitality

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.