The ONE Group Hospitality, Inc. (NASDAQ:STKS) CEO Sells $217,150.24 in Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS) CEO Emanuel N. Hilario sold 18,736 shares of the stock in a transaction dated Monday, June 7th. The stock was sold at an average price of $11.59, for a total value of $217,150.24. Following the transaction, the chief executive officer now owns 1,300,785 shares in the company, valued at $15,076,098.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

The ONE Group Hospitality stock opened at $12.81 on Friday. The stock has a 50-day moving average price of $9.83. The stock has a market cap of $386.41 million, a P/E ratio of -45.75 and a beta of 2.60. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 1.99. The ONE Group Hospitality, Inc. has a 12 month low of $1.25 and a 12 month high of $13.21.

The ONE Group Hospitality (NASDAQ:STKS) last released its quarterly earnings data on Tuesday, May 11th. The restaurant operator reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $50.48 million for the quarter, compared to the consensus estimate of $50.00 million. The ONE Group Hospitality had a positive return on equity of 1.80% and a negative net margin of 5.38%. Analysts expect that The ONE Group Hospitality, Inc. will post 0.41 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Millennium Management LLC grew its stake in shares of The ONE Group Hospitality by 572.4% in the first quarter. Millennium Management LLC now owns 78,857 shares of the restaurant operator’s stock valued at $590,000 after buying an additional 67,130 shares in the last quarter. Morgan Stanley acquired a new stake in shares of The ONE Group Hospitality in the first quarter valued at about $97,000. Cubist Systematic Strategies LLC acquired a new stake in shares of The ONE Group Hospitality in the first quarter valued at about $89,000. Jane Street Group LLC acquired a new stake in shares of The ONE Group Hospitality in the first quarter valued at about $150,000. Finally, Royal Bank of Canada grew its stake in shares of The ONE Group Hospitality by 320.0% in the first quarter. Royal Bank of Canada now owns 105,000 shares of the restaurant operator’s stock valued at $785,000 after buying an additional 80,000 shares in the last quarter. Institutional investors and hedge funds own 7.26% of the company’s stock.

Several research firms recently weighed in on STKS. Lake Street Capital increased their target price on The ONE Group Hospitality from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, May 12th. Loop Capital increased their target price on The ONE Group Hospitality from $4.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, March 22nd. Zacks Investment Research upgraded The ONE Group Hospitality from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Thursday, May 13th. Finally, Piper Sandler raised their price objective on The ONE Group Hospitality from $4.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, March 25th.

About The ONE Group Hospitality

The ONE Group Hospitality, Inc, a hospitality 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.

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Insider Buying and Selling by Quarter for The ONE Group Hospitality (NASDAQ:STKS)

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