The ONE Group Hospitality, Inc. (NASDAQ:STKS) Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 94.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,508 shares of the restaurant operator’s stock after purchasing an additional 22,580 shares during the quarter. Barclays PLC’s holdings in ONE Group Hospitality were worth $171,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nantahala Capital Management LLC boosted its holdings in shares of ONE Group Hospitality by 119.6% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock valued at $5,111,000 after purchasing an additional 654,818 shares during the last quarter. Meros Investment Management LP boosted its holdings in ONE Group Hospitality by 1.6% in the second quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock valued at $2,960,000 after acquiring an additional 10,954 shares during the last quarter. American Century Companies Inc. grew its position in ONE Group Hospitality by 60.0% during the second 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 period. Zacks Investment Management increased its stake in ONE Group Hospitality by 10.0% during the third quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock worth $883,000 after acquiring an additional 21,855 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of ONE Group Hospitality in the 3rd quarter worth about $54,000. Institutional investors and hedge funds own 29.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Stephens reiterated an “overweight” rating and set a $6.00 target price on shares of ONE Group Hospitality in a report on Monday, December 9th. Wedbush decreased their price objective on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating for the company in a research note on Monday, November 11th.

ONE Group Hospitality Stock Performance

ONE Group Hospitality stock opened at $3.00 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 6.73. The stock has a 50 day moving average of $3.17 and a 200-day moving average of $3.68. The stock has a market cap of $92.56 million, a P/E ratio of -3.75 and a beta of 2.38. The ONE Group Hospitality, Inc. has a 52 week low of $2.68 and a 52 week high of $6.25.

ONE Group Hospitality (NASDAQ:STKS) last issued its earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share for the quarter. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. The business had revenue of $193.98 million for the quarter, compared to analyst estimates of $217.95 million. On average, analysts expect that The ONE Group Hospitality, Inc. will post 0.04 EPS for the current fiscal 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.