ONE Group Hospitality (NASDAQ:STKS) Stock Passes Above Fifty Day Moving Average – What’s Next?

The ONE Group Hospitality, Inc. (NASDAQ:STKS) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $1.86 and traded as high as $1.87. ONE Group Hospitality shares last traded at $1.85, with a volume of 12,208 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of ONE Group Hospitality from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, ONE Group Hospitality has a consensus rating of “Reduce” and a consensus price target of $4.50.

ONE Group Hospitality Price Performance

The firm has a market cap of $57.44 million, a P/E ratio of -0.45 and a beta of 1.34. The company’s 50 day moving average is $1.86 and its two-hundred day moving average is $1.94.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.32). The business had revenue of $212.82 million for the quarter, compared to the consensus estimate of $218.55 million. ONE Group Hospitality had a negative return on equity of 6.77% and a negative net margin of 11.15%. Research analysts predict that The ONE Group Hospitality, Inc. will post -0.69 EPS for the current year.

Hedge Funds Weigh In On ONE Group Hospitality

Large investors have recently bought and sold shares of the company. Group One Trading LLC increased its position in shares of ONE Group Hospitality by 18,965.0% during the third quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock worth $56,000 after acquiring an additional 18,965 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in ONE Group Hospitality in the 2nd quarter worth about $132,000. Squarepoint Ops LLC purchased a new stake in shares of ONE Group Hospitality during the third quarter worth $97,000. Bank of America Corp DE increased its holdings in ONE Group Hospitality by 18.7% during the 4th quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock worth $101,000 after acquiring an additional 5,477 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of ONE Group Hospitality during the third quarter worth about $170,000. 29.14% of the stock is currently owned by institutional investors.

ONE Group Hospitality Company Profile

ONE Group Hospitality Inc is a full-service hospitality company primarily engaged in the development, ownership and operation of upscale restaurant and lounge concepts. The company’s flagship brand, STK, combines a modern steakhouse menu with a high-energy lounge atmosphere, offering signature cuts of beef, fresh seafood, sushi selections, craft cocktails and an extensive wine program. ONE Group’s concept emphasizes a seamless blend of fine dining and nightlife, catering to guests seeking both culinary excellence and an immersive social experience.

Headquartered in El Segundo, California, ONE Group deploys a mixed model of company-owned and franchised locations across multiple markets.