Insider Buying: ONE Group Hospitality (NASDAQ:STKS) Director Buys $39,220.00 in Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Jonathan Segal acquired 37,000 shares of ONE Group Hospitality stock in a transaction on Tuesday, November 10th. The stock was acquired at an average cost of $1.06 per share, for a total transaction of $39,220.00. Following the purchase, the director owned 2,698,400 shares of the company’s stock, valued at approximately $2,860,304. This represents a 1.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jonathan Segal also recently made the following trade(s):

• On Wednesday, November 11th, Jonathan Segal bought 1 shares of ONE Group Hospitality stock. The shares were acquired at an average price of $1.00 per share, for a total transaction of $1.00.

ONE Group Hospitality Price Performance

Shares of STKS stock traded up $0.04 during trading hours on Thursday, hitting $1.06. 153,007 shares of the company’s stock were exchanged, compared to its average volume of 30,423. The stock’s 50-day moving average is $1.41 and its 200-day moving average is $1.76. The stock has a market cap of $33.86 million, a price-to-earnings ratio of -0.58 and a beta of 1.30. The ONE Group Hospitality, Inc. has a 52 week low of $0.97 and a 52 week high of $2.65.

Analysts Set New Price Targets

A number of brokerages have commented on STKS. Piper Sandler decreased their price objective on shares of ONE Group Hospitality from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Zacks Research raised shares of ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of ONE Group Hospitality in a research report on Wednesday, November 4th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $4.00.

Institutional Investors Weigh In On ONE Group Hospitality

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nantahala Capital Management LLC acquired a new position in shares of ONE Group Hospitality during the second quarter valued at $4,263,379. BlackRock Inc. acquired a new stake in ONE Group Hospitality in the second quarter worth about $905,000. Bank of America Corp DE acquired a new stake in ONE Group Hospitality in the second quarter worth about $51,000. Finally, Kestra Advisory Services LLC acquired a new stake in ONE Group Hospitality in the third quarter worth about $45,000. 29.14% of the stock is owned by institutional investors and hedge funds.

About ONE Group Hospitality

ONE Group Hospitality, Inc. is a hospitality company that develops, owns, operates, manages and licenses upscale and polished-casual restaurants and lounges. Its concepts emphasize high-energy dining, premium food and beverage offerings, and entertainment-oriented guest experiences. The company’s principal brands are STK Steakhouse and Kona Grill. STK combines the traditional steakhouse with a contemporary lounge atmosphere, serving premium steaks, seafood, cocktails and other upscale menu items.