ONE Group Hospitality (NASDAQ:STKS) Shares Cross Below 200 Day Moving Average – Should You Sell?

Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.79 and traded as low as $2.81. ONE Group Hospitality shares last traded at $2.85, with a volume of 17,671 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on STKS shares. Wedbush dropped their target price on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Monday, November 11th. Stephens reaffirmed an “overweight” rating and issued a $6.00 price objective on shares of ONE Group Hospitality in a research note on Monday, December 9th.

ONE Group Hospitality Stock Performance

The stock has a market cap of $90.40 million, a PE ratio of -3.66 and a beta of 2.36. The stock has a fifty day simple moving average of $3.26 and a two-hundred day simple moving average of $3.78. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share (EPS) for the quarter. The firm had revenue of $193.98 million for the quarter, compared to analysts’ expectations of $217.95 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. Equities analysts anticipate that The ONE Group Hospitality, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of STKS. Nantahala Capital Management LLC boosted its stake in shares of ONE Group Hospitality by 119.6% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock valued at $5,111,000 after buying an additional 654,818 shares during the last quarter. Meros Investment Management LP lifted its position in shares of ONE Group Hospitality by 1.6% in the 2nd quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock worth $2,960,000 after buying an additional 10,954 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of ONE Group Hospitality by 60.0% in the 2nd quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock valued at $1,308,000 after buying an additional 115,394 shares during the period. Zacks Investment Management raised its stake in ONE Group Hospitality by 10.0% during the third quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock worth $883,000 after acquiring an additional 21,855 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in ONE Group Hospitality by 79.5% in the second quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock valued at $263,000 after acquiring an additional 27,354 shares during the period. Hedge funds and other institutional investors own 29.14% of the company’s stock.

ONE Group Hospitality Company Profile

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.