ONE Group Hospitality (NASDAQ:STKS) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.37 and traded as low as $1.99. ONE Group Hospitality shares last traded at $2.04, with a volume of 16,424 shares changing hands.

Wall Street Analyst Weigh In

STKS has been the subject of several research reports. Lake Street Capital decreased their price target on shares of ONE Group Hospitality from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, January 16th. Zacks Research raised shares of ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ONE Group Hospitality in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

ONE Group Hospitality Price Performance

The company’s 50-day simple moving average is $2.04 and its 200 day simple moving average is $2.37. The company has a market capitalization of $63.44 million, a P/E ratio of -0.55, a P/E/G ratio of 0.23 and a beta of 1.65. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 16.52.

ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings results on Thursday, November 6th. The restaurant operator reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.47). The business had revenue of $180.20 million for the quarter, compared to the consensus estimate of $191.29 million. ONE Group Hospitality had a negative net margin of 10.21% and a positive return on equity of 181.12%. As a group, sell-side analysts expect that The ONE Group Hospitality, Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of ONE Group Hospitality

Several large investors have recently made changes to their positions in STKS. Y Intercept Hong Kong Ltd acquired a new stake in ONE Group Hospitality in the 2nd quarter worth approximately $274,000. AdvisorShares Investments LLC bought a new position in shares of ONE Group Hospitality in the second quarter valued at approximately $170,000. Squarepoint Ops LLC acquired a new stake in shares of ONE Group Hospitality in the third quarter worth $97,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of ONE Group Hospitality during the 3rd quarter worth $170,000. Finally, Dimensional Fund Advisors LP grew its stake in ONE Group Hospitality by 35.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 70,839 shares of the restaurant operator’s stock valued at $210,000 after buying an additional 18,435 shares during the last quarter. Institutional investors own 29.14% of the company’s stock.

About ONE Group Hospitality

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.