Magnus Financial Group LLC Purchases New Stake in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

Magnus Financial Group LLC purchased a new position in The ONE Group Hospitality, Inc. (NASDAQ:STKS) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 25,000 shares of the restaurant operator’s stock, valued at approximately $72,000.

Other hedge funds have also recently modified their holdings of the company. Stoneridge Investment Partners LLC bought a new stake in shares of ONE Group Hospitality in the third quarter worth about $44,000. GSA Capital Partners LLP bought a new stake in shares of ONE Group Hospitality in the 3rd quarter worth approximately $54,000. JPMorgan Chase & Co. grew its position in shares of ONE Group Hospitality by 53.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock worth $58,000 after buying an additional 5,497 shares during the last quarter. Barclays PLC increased its stake in shares of ONE Group Hospitality by 94.4% during the third quarter. Barclays PLC now owns 46,508 shares of the restaurant operator’s stock valued at $171,000 after buying an additional 22,580 shares during the period. Finally, Zacks Investment Management raised its holdings in shares of ONE Group Hospitality by 10.0% during the third quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock valued at $883,000 after acquiring an additional 21,855 shares in the last quarter. Hedge funds and other institutional investors own 29.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stephens reissued an “overweight” rating and set a $6.00 price objective on shares of ONE Group Hospitality in a research report on Monday, January 13th. Wedbush decreased their price target on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating for the company in a research note on Monday, November 11th.

ONE Group Hospitality Price Performance

STKS opened at $3.50 on Friday. The ONE Group Hospitality, Inc. has a 12-month low of $2.68 and a 12-month high of $6.10. The company has a market cap of $107.98 million, a price-to-earnings ratio of -4.38 and a beta of 2.38. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 6.73. The stock has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $3.59.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share for the quarter. The company had revenue of $193.98 million during 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%. Research analysts predict that The ONE Group Hospitality, Inc. will post -0.08 earnings per share for the current fiscal year.

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.