The ONE Group Hospitality, Inc. (NASDAQ:STKS) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 60.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 307,841 shares of the restaurant operator’s stock after buying an additional 115,394 shares during the quarter. American Century Companies Inc. owned 0.98% of ONE Group Hospitality worth $1,308,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Panagora Asset Management Inc. increased its stake in ONE Group Hospitality by 79.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock worth $263,000 after buying an additional 27,354 shares during the period. Legato Capital Management LLC purchased a new stake in shares of ONE Group Hospitality during the second quarter worth about $45,000. Vanguard Group Inc. lifted its stake 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 in the last quarter. First Eagle Investment Management LLC boosted its holdings in ONE Group Hospitality by 9.6% in the first quarter. First Eagle Investment Management LLC now owns 977,045 shares of the restaurant operator’s stock valued at $5,442,000 after purchasing an additional 85,948 shares during the last quarter. Finally, GSA Capital Partners LLP grew its stake in ONE Group Hospitality by 124.8% during the 1st 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 in the last quarter. 29.14% of the stock is owned by institutional investors and hedge funds.

ONE Group Hospitality Trading Down 1.9 %

Shares of NASDAQ STKS opened at $3.68 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 5.03. The stock’s 50 day moving average price is $3.90 and its two-hundred day moving average price is $4.59. The ONE Group Hospitality, Inc. has a 52-week low of $3.13 and a 52-week high of $6.45. The stock has a market capitalization of $115.88 million, a P/E ratio of 24.53 and a beta of 2.40.

ONE Group Hospitality (NASDAQ:STKS) last posted 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. The business had revenue of $172.49 million for the quarter, compared to analyst estimates 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 prior year, the company posted $0.06 EPS. On average, analysts anticipate that The ONE Group Hospitality, Inc. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.