ONE Group Hospitality (NASDAQ:STKS) Stock: Insider Jonathan Segal Buys 37,000 Shares

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Jonathan Segal bought 37,000 shares of the business’s stock in a transaction on Tuesday, November 10th. The stock was bought at an average price of $1.06 per share, for a total transaction of $39,220.00. Following the purchase, the director directly owned 2,698,400 shares of the company’s stock, valued at $2,860,304. The trade was a 1.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, November 11th, Jonathan Segal bought 1 shares of ONE Group Hospitality stock. The stock was purchased at an average price of $1.00 per share, with a total value of $1.00.

ONE Group Hospitality Price Performance

Shares of STKS stock traded up $0.05 during mid-day trading on Friday, hitting $1.11. 32,265 shares of the stock traded hands, compared to its average volume of 42,692. The stock has a market cap of $35.46 million, a P/E ratio of -0.60 and a beta of 1.30. The stock’s fifty day moving average is $1.38 and its two-hundred day moving average is $1.75. 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

STKS has been the subject of a number of analyst reports. Piper Sandler decreased their target price on shares of ONE Group Hospitality from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ONE Group Hospitality in a report on Wednesday, November 4th. Finally, Zacks Research raised shares of ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ONE Group Hospitality has an average rating of “Hold” and a consensus price target of $4.00.

Institutional Investors Weigh In On ONE Group Hospitality

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STKS. Nantahala Capital Management LLC grew its stake in shares of ONE Group Hospitality by 0.9% during the third quarter. Nantahala Capital Management LLC now owns 2,139,182 shares of the restaurant operator’s stock worth $3,423,000 after acquiring an additional 18,098 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of ONE Group Hospitality during the third quarter valued at about $45,000. Bank of America Corp DE purchased a new position in shares of ONE Group Hospitality in the 2nd quarter valued at approximately $51,000. Finally, BlackRock Inc. purchased a new position in shares of ONE Group Hospitality in the 2nd quarter valued at approximately $905,000. 29.14% of the stock is currently owned by hedge funds and other institutional investors.

About ONE Group Hospitality

ONE Group Hospitality, Inc. is a hospitality company that develops, owns, operates and manages restaurants and lounges. Its concepts include STK, a modern steakhouse and lounge; Benihana, known for Japanese teppanyaki dining; Kona Grill; and RA Sushi. The company also provides food and beverage management services for hotels, resorts and other venues. Its restaurants and hospitality operations serve guests in the United States and select international markets. Founded in 2004, the company expanded its portfolio with the 2024 acquisition of Benihana, Inc., which brought the Benihana and RA Sushi brands into its business.