ONE Group Hospitality (NASDAQ:STKS) Share Price Passes Below 200-Day Moving Average of $4.60

The ONE Group Hospitality, Inc. (NASDAQ:STKS) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.60 and traded as low as $3.20. ONE Group Hospitality shares last traded at $3.27, with a volume of 38,582 shares trading hands.

Wall Street Analysts Forecast Growth

STKS has been the subject of several recent research reports. Stephens reiterated 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 lowered ONE Group Hospitality from a “hold” rating to a “sell” rating in a report on Friday, August 9th.

ONE Group Hospitality Stock Performance

The stock’s 50-day moving average is $4.13 and its 200 day moving average is $4.60. The stock has a market cap of $102.97 million, a price-to-earnings ratio of 22.07 and a beta of 2.40. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.63 and a quick ratio of 0.55.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $172.49 million for the quarter, compared to the consensus estimate of $178.22 million. ONE Group Hospitality had a positive return on equity of 14.71% and a negative net margin of 1.76%. During the same period in the previous year, the business earned $0.06 earnings per share. As a group, analysts predict that The ONE Group Hospitality, Inc. will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ONE Group Hospitality

Several institutional investors have recently modified their holdings of STKS. Nantahala Capital Management LLC increased its position in shares of ONE Group Hospitality by 119.6% in the second quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock valued at $5,111,000 after buying an additional 654,818 shares in the last quarter. Meros Investment Management LP increased its position in shares of 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 buying an additional 10,954 shares in the last quarter. American Century Companies Inc. increased its position in shares of ONE Group Hospitality by 60.0% in the second quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock valued at $1,308,000 after buying an additional 115,394 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of ONE Group Hospitality by 79.5% in the second quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock valued at $263,000 after buying an additional 27,354 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new position in shares of ONE Group Hospitality in the second quarter valued at $45,000. Hedge funds and other institutional investors own 29.14% of the company’s stock.

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.