First Eagle Investment Management LLC Cuts Position in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

First Eagle Investment Management LLC lessened its holdings in The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 59.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 396,395 shares of the restaurant operator’s stock after selling 580,650 shares during the period. First Eagle Investment Management LLC’s holdings in ONE Group Hospitality were worth $1,685,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legato Capital Management LLC purchased a new position in ONE Group Hospitality in the second quarter valued at approximately $45,000. Panagora Asset Management Inc. lifted its stake in 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 purchasing an additional 27,354 shares during the last quarter. GSA Capital Partners LLP lifted 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 purchasing an additional 57,878 shares during the last quarter. American Century Companies Inc. lifted its stake in 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 purchasing an additional 115,394 shares during the last quarter. Finally, CastleKnight Management LP lifted its stake in ONE Group Hospitality by 0.7% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 29.14% of the company’s stock.

Wall Street Analyst Weigh In

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

ONE Group Hospitality Trading Down 3.8 %

NASDAQ:STKS opened at $3.57 on Friday. The company has a market cap of $112.42 million, a P/E ratio of 23.73 and a beta of 2.40. The stock’s fifty day moving average price is $4.03 and its two-hundred day moving average price is $4.58. The ONE Group Hospitality, Inc. has a 1 year low of $3.13 and a 1 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.

ONE Group Hospitality (NASDAQ:STKS) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $0.06 earnings per share. As a group, analysts expect that The ONE Group Hospitality, Inc. will post 0.5 EPS for the current 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.