ONE Group Hospitality (NASDAQ:STKS) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.84 and traded as high as $1.92. ONE Group Hospitality shares last traded at $1.85, with a volume of 15,573 shares.

Analyst Ratings Changes

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

ONE Group Hospitality Stock Down 1.6%

The stock has a market cap of $58.39 million, a price-to-earnings ratio of -0.46 and a beta of 1.34. The stock has a fifty day moving average of $1.84 and a two-hundred day moving average of $1.95.

ONE Group Hospitality (NASDAQ:STKS) last issued its earnings results on Wednesday, May 6th. The restaurant operator reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.32). The firm had revenue of $212.82 million during the quarter, compared to analyst estimates of $218.55 million. ONE Group Hospitality had a negative net margin of 11.15% and a negative return on equity of 6.77%. Equities research analysts anticipate that The ONE Group Hospitality, Inc. will post -0.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of STKS. McGowan Group Asset Management Inc. lifted its stake in shares of ONE Group Hospitality by 12.7% in the fourth quarter. McGowan Group Asset Management Inc. now owns 945,000 shares of the restaurant operator’s stock worth $1,654,000 after acquiring an additional 106,665 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of ONE Group Hospitality by 423.5% in the second quarter. Jane Street Group LLC now owns 101,174 shares of the restaurant operator’s stock worth $410,000 after acquiring an additional 81,848 shares in the last quarter. Piedmont Capital Management LLC NC acquired a new position in shares of ONE Group Hospitality in the fourth quarter worth about $104,000. CastleKnight Management LP lifted its stake in shares of ONE Group Hospitality by 4.7% in the fourth quarter. CastleKnight Management LP now owns 1,286,991 shares of the restaurant operator’s stock worth $2,252,000 after acquiring an additional 58,015 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of ONE Group Hospitality in the third quarter worth about $170,000. Institutional investors and hedge funds own 29.14% of the company’s stock.

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.