ONE Group Hospitality (NASDAQ:STKS) Share Price Passes Above 50-Day Moving Average – Time to Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $1.86 and traded as high as $1.87. ONE Group Hospitality shares last traded at $1.85, with a volume of 12,208 shares traded.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of ONE Group Hospitality from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $4.50.

ONE Group Hospitality Stock Performance

The firm has a 50-day moving average of $1.86 and a 200-day moving average of $1.94. The firm has a market capitalization of $58.39 million, a P/E ratio of -0.46 and a beta of 1.34.

ONE Group Hospitality (NASDAQ:STKS) last posted its earnings results on Wednesday, May 6th. The restaurant operator reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.32). ONE Group Hospitality had a negative return on equity of 6.77% and a negative net margin of 11.15%.The business had revenue of $212.82 million during the quarter, compared to the consensus estimate of $218.55 million. On average, research analysts forecast that The ONE Group Hospitality, Inc. will post -0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On ONE Group Hospitality

Large investors have recently bought and sold shares of the business. CastleKnight Management LP lifted its stake in ONE Group Hospitality by 4.7% during the 4th quarter. CastleKnight Management LP now owns 1,286,991 shares of the restaurant operator’s stock valued at $2,252,000 after acquiring an additional 58,015 shares during the period. Piedmont Capital Management LLC NC bought a new stake in shares of ONE Group Hospitality in the fourth quarter worth approximately $104,000. McGowan Group Asset Management Inc. grew 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 during the period. Bank of America Corp DE raised its holdings in shares of ONE Group Hospitality by 20.8% during the third quarter. Bank of America Corp DE now owns 55,634 shares of the restaurant operator’s stock valued at $165,000 after purchasing an additional 9,594 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of ONE Group Hospitality during the third quarter valued at approximately $97,000. 29.14% of the stock is currently owned by institutional investors.

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.