Short Interest in The ONE Group Hospitality, Inc. (NASDAQ:STKS) Decreases By 12.6%

The ONE Group Hospitality, Inc. (NASDAQ:STKS) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totalling 1,520,000 shares, a drop of 12.6% from the May 31st total of 1,740,000 shares. Approximately 6.1% of the shares of the stock are sold short. Based on an average daily volume of 192,500 shares, the days-to-cover ratio is currently 7.9 days.

Insider Buying and Selling

In other ONE Group Hospitality news, Director Haydee Olinger bought 5,740 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average price of $5.22 per share, for a total transaction of $29,962.80. Following the completion of the transaction, the director now owns 44,685 shares of the company’s stock, valued at approximately $233,255.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ONE Group Hospitality news, Director Haydee Olinger bought 5,740 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was purchased at an average price of $5.22 per share, for a total transaction of $29,962.80. Following the completion of the transaction, the director now owns 44,685 shares of the company’s stock, valued at approximately $233,255.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eugene M. Bullis bought 19,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average price of $5.26 per share, with a total value of $99,940.00. Following the transaction, the director now directly owns 176,200 shares of the company’s stock, valued at approximately $926,812. The disclosure for this purchase can be found here. 19.70% of the stock is currently owned by company insiders.

Institutional Trading of ONE Group Hospitality

Several large investors have recently added to or reduced their stakes in the company. CastleKnight Management LP lifted its holdings in shares of ONE Group Hospitality by 0.7% in the 4th quarter. CastleKnight Management LP now owns 801,485 shares of the restaurant operator’s stock valued at $4,905,000 after buying an additional 5,500 shares during the period. Vanguard Group Inc. lifted its holdings 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 buying an additional 9,267 shares during the period. Simplex Trading LLC acquired a new position in shares of ONE Group Hospitality in the 4th quarter valued at about $75,000. Barclays PLC lifted its holdings in shares of ONE Group Hospitality by 350.1% in the 3rd quarter. Barclays PLC now owns 20,676 shares of the restaurant operator’s stock valued at $114,000 after buying an additional 16,082 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in shares of ONE Group Hospitality by 124.8% in the 1st quarter. GSA Capital Partners LLP now owns 104,257 shares of the restaurant operator’s stock valued at $581,000 after buying an additional 57,878 shares during the period. Hedge funds and other institutional investors own 29.14% of the company’s stock.

ONE Group Hospitality Stock Down 1.2 %

ONE Group Hospitality stock opened at $4.20 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.55 and a current ratio of 0.64. The business’s 50-day simple moving average is $5.06 and its two-hundred day simple moving average is $4.91. The company has a market cap of $132.26 million, a PE ratio of 32.69 and a beta of 2.41. ONE Group Hospitality has a fifty-two week low of $3.21 and a fifty-two week high of $7.87.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings results on Tuesday, May 7th. The restaurant operator reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $85.00 million for the quarter, compared to analysts’ expectations of $85.97 million. ONE Group Hospitality had a net margin of 0.01% and a return on equity of 6.18%. Equities analysts anticipate that ONE Group Hospitality will post 0.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on STKS shares. StockNews.com upgraded ONE Group Hospitality from a “sell” rating to a “hold” rating in a report on Friday, April 12th. Stephens reiterated an “overweight” rating and issued a $9.00 target price on shares of ONE Group Hospitality in a report on Wednesday, May 8th. Lake Street Capital dropped their target price on ONE Group Hospitality from $11.00 to $8.00 and set a “buy” rating for the company in a report on Friday, March 15th. Finally, Wedbush raised their price target on ONE Group Hospitality from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th.

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.