ONE Group Hospitality (NASDAQ:STKS) Share Price Passes Below 200 Day Moving Average – Should You Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.95 and traded as low as $1.83. ONE Group Hospitality shares last traded at $1.94, with a volume of 6,660 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research cut ONE Group Hospitality from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, ONE Group Hospitality presently has an average rating of “Reduce” and an average target price of $4.50.

ONE Group Hospitality Stock Performance

The firm has a market cap of $61.23 million, a price-to-earnings ratio of -0.48 and a beta of 1.34. The business has a fifty day moving average of $1.85 and a two-hundred day moving average of $1.95.

ONE Group Hospitality (NASDAQ:STKS) last issued its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.32). The firm had revenue of $212.82 million for the quarter, compared to analyst estimates of $218.55 million. ONE Group Hospitality had a negative return on equity of 6.77% and a negative net margin of 11.15%. On average, equities research analysts forecast that The ONE Group Hospitality, Inc. will post -0.69 earnings per share for the current year.

Institutional Investors Weigh In On ONE Group Hospitality

Several institutional investors and hedge funds have recently made changes to their positions in the business. CastleKnight Management LP raised its position in shares of ONE Group Hospitality by 4.7% during the 4th quarter. CastleKnight Management LP now owns 1,286,991 shares of the restaurant operator’s stock worth $2,252,000 after purchasing an additional 58,015 shares during the last quarter. Bank of America Corp DE lifted its holdings in ONE Group Hospitality by 20.8% in the 3rd quarter. Bank of America Corp DE now owns 55,634 shares of the restaurant operator’s stock valued at $165,000 after purchasing an additional 9,594 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in ONE Group Hospitality in the 3rd quarter valued at about $170,000. Dimensional Fund Advisors LP boosted its stake in shares of ONE Group Hospitality by 35.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 70,839 shares of the restaurant operator’s stock worth $210,000 after purchasing an additional 18,435 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of ONE Group Hospitality by 1.2% during the third quarter. Vanguard Group Inc. now owns 1,227,751 shares of the restaurant operator’s stock worth $3,634,000 after buying an additional 14,765 shares in the last quarter. 29.14% of the stock is currently owned by hedge funds and other 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.