ONE Group Hospitality (NASDAQ:STKS) Stock Passes Below 200-Day Moving Average – What’s Next?

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.95 and traded as low as $1.83. ONE Group Hospitality shares last traded at $1.94, with a volume of 6,660 shares trading hands.

Wall Street Analyst Weigh In

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

ONE Group Hospitality Stock Up 4.9%

The company has a market cap of $61.23 million, a PE ratio of -0.48 and a beta of 1.34. The firm has a fifty day simple moving average of $1.85 and a 200-day simple moving average of $1.95.

ONE Group Hospitality (NASDAQ:STKS) last announced its earnings results on Wednesday, May 6th. The restaurant operator reported ($0.20) earnings per share (EPS) 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 forecast that The ONE Group Hospitality, Inc. will post -0.69 earnings per share for the current fiscal year.

Institutional Trading of ONE Group Hospitality

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in shares of ONE Group Hospitality by 18.7% in the fourth quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 5,477 shares during the period. Qube Research & Technologies Ltd purchased a new position in ONE Group Hospitality during the 2nd quarter worth $132,000. Jane Street Group LLC raised its position in ONE Group Hospitality by 423.5% during the 2nd quarter. Jane Street Group LLC now owns 101,174 shares of the restaurant operator’s stock worth $410,000 after buying an additional 81,848 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of ONE Group Hospitality by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,227,751 shares of the restaurant operator’s stock worth $3,634,000 after acquiring an additional 14,765 shares during the period. Finally, Group One Trading LLC lifted its stake in shares of ONE Group Hospitality by 18,965.0% in the 3rd quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock worth $56,000 after acquiring an additional 18,965 shares during the period. 29.14% of the stock is owned by institutional investors and hedge funds.

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.