Insider Buying: The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Buys $24,640.00 in Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Jonathan Segal acquired 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average cost of $3.08 per share, with a total value of $24,640.00. Following the completion of the acquisition, the director now owns 3,145,074 shares in the company, valued at $9,686,827.92. This trade represents a 0.26 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

ONE Group Hospitality Price Performance

Shares of STKS opened at $3.02 on Friday. The stock’s 50-day moving average price is $3.50 and its 200 day moving average price is $4.21. 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 12-month low of $2.92 and a 12-month high of $6.45.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings data on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share (EPS) for the quarter. The firm had revenue of $193.98 million for the quarter, compared to the consensus estimate of $217.95 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. On average, analysts predict that The ONE Group Hospitality, Inc. will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

STKS has been the subject of a number of recent analyst reports. Stephens restated an “overweight” rating and set a $9.00 price target on shares of ONE Group Hospitality in a report on Wednesday, August 7th. StockNews.com downgraded ONE Group Hospitality from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Finally, Wedbush dropped their price target on ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, November 11th.

Hedge Funds Weigh In On ONE Group Hospitality

A number of hedge funds have recently made changes to their positions in the business. First Eagle Investment Management LLC increased its stake 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 acquiring an additional 85,948 shares during the period. Vanguard Group Inc. grew its stake in shares of ONE Group Hospitality by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,473,534 shares of the restaurant operator’s stock valued at $8,208,000 after purchasing an additional 9,267 shares during the period. Legato Capital Management LLC acquired a new position in shares of ONE Group Hospitality in the 2nd quarter worth approximately $45,000. Panagora Asset Management Inc. boosted its stake in ONE Group Hospitality by 79.5% in the 2nd 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, American Century Companies Inc. grew its position 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 acquiring an additional 115,394 shares during the period. Institutional investors and hedge funds 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.