Bank of New York Mellon Corp Trims Holdings in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

Bank of New York Mellon Corp decreased its stake in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 37.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 41,053 shares of the restaurant operator’s stock after selling 24,158 shares during the period. Bank of New York Mellon Corp’s holdings in ONE Group Hospitality were worth $119,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in STKS. Stoneridge Investment Partners LLC increased its position in shares of ONE Group Hospitality by 22.6% during the fourth quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator’s stock valued at $42,000 after buying an additional 2,684 shares during the period. JPMorgan Chase & Co. boosted its position in shares of ONE Group Hospitality by 53.8% in the third quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 5,497 shares during the period. Magnus Financial Group LLC purchased a new position in ONE Group Hospitality during the fourth quarter valued at approximately $72,000. Barclays PLC increased its holdings in ONE Group Hospitality by 94.4% during the 3rd quarter. Barclays PLC now owns 46,508 shares of the restaurant operator’s stock worth $171,000 after acquiring an additional 22,580 shares during the period. Finally, Zacks Investment Management lifted its stake in ONE Group Hospitality by 10.0% in the 3rd quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock worth $883,000 after purchasing an additional 21,855 shares in the last quarter. Institutional investors own 29.14% of the company’s stock.

Insider Transactions at ONE Group Hospitality

In other news, CFO Tyler Loy acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were bought at an average cost of $2.55 per share, with a total value of $25,500.00. Following the acquisition, the chief financial officer now owns 220,246 shares in the company, valued at approximately $561,627.30. This represents a 4.76 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 19.70% of the stock is currently owned by insiders.

ONE Group Hospitality Stock Down 1.0 %

Shares of NASDAQ STKS opened at $2.99 on Friday. 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 business has a 50-day moving average of $3.17 and a 200-day moving average of $3.26. The firm has a market capitalization of $92.81 million, a price-to-earnings ratio of -3.74 and a beta of 2.46. The ONE Group Hospitality, Inc. has a 12 month low of $2.37 and a 12 month high of $6.10.

ONE Group Hospitality (NASDAQ:STKS) last announced its earnings results on Monday, March 10th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.33). The company had revenue of $221.88 million for the quarter, compared to the consensus estimate of $217.71 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. Sell-side analysts expect that The ONE Group Hospitality, Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

STKS has been the subject of a number of recent analyst reports. Stephens reduced their price target on shares of ONE Group Hospitality from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Wedbush reissued a “neutral” rating and set a $3.50 price objective on shares of ONE Group Hospitality in a research note on Tuesday, March 11th.

ONE Group Hospitality 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.