The ONE Group Hospitality, Inc. (NASDAQ:STKS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its holdings in The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 52.2% in the third quarter, Holdings Channel.com reports. The firm owned 21,466 shares of the restaurant operator’s stock after selling 23,454 shares during the period. Jane Street Group LLC’s holdings in ONE Group Hospitality were worth $79,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Meros Investment Management LP lifted its stake in shares of ONE Group Hospitality by 1.6% in the 2nd quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock valued at $2,960,000 after purchasing an additional 10,954 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in ONE Group Hospitality in the third quarter valued at about $44,000. GSA Capital Partners LLP acquired a new position in shares of ONE Group Hospitality during the third quarter worth about $54,000. American Century Companies Inc. lifted its stake in shares of 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 worth $1,308,000 after purchasing an additional 115,394 shares in the last quarter. Finally, Nantahala Capital Management LLC grew its stake 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. 29.14% of the stock is currently owned by institutional investors and hedge funds.

ONE Group Hospitality Stock Up 7.5 %

Shares of NASDAQ STKS opened at $3.42 on Thursday. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52. The ONE Group Hospitality, Inc. has a 1 year low of $2.68 and a 1 year high of $6.10. The stock’s 50-day simple moving average is $3.11 and its 200-day simple moving average is $3.62. The firm has a market cap of $105.52 million, a price-to-earnings ratio of -4.28 and a beta of 2.38.

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

Analyst Ratings Changes

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

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.