The ONE Group Hospitality, Inc. (NASDAQ:STKS) CEO Emanuel N. Hilario Sells 170,374 Shares

The ONE Group Hospitality, Inc. (NASDAQ:STKS) CEO Emanuel N. Hilario sold 170,374 shares of the firm’s stock in a transaction that occurred on Wednesday, June 9th. The shares were sold at an average price of $11.70, for a total transaction of $1,993,375.80. Following the transaction, the chief executive officer now directly owns 1,130,411 shares in the company, valued at approximately $13,225,808.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of The ONE Group Hospitality stock opened at $12.81 on Friday. The business has a fifty day moving average of $9.83. The firm has a market capitalization of $386.41 million, a P/E ratio of -45.75 and a beta of 2.60. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.71 and a current ratio of 0.76. The ONE Group Hospitality, Inc. has a 1 year low of $1.25 and a 1 year high of $13.21.

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

Several institutional investors have recently made changes to their positions in STKS. EAM Investors LLC acquired a new stake in shares of The ONE Group Hospitality in the first quarter worth $1,794,000. Benjamin F. Edwards & Company Inc. acquired a new stake in The ONE Group Hospitality during the first quarter worth $880,000. Geode Capital Management LLC boosted its stake in The ONE Group Hospitality by 278.0% during the first quarter. Geode Capital Management LLC now owns 156,241 shares of the restaurant operator’s stock worth $1,168,000 after buying an additional 114,911 shares in the last quarter. Royal Bank of Canada boosted its stake in The ONE Group Hospitality by 320.0% during the first quarter. Royal Bank of Canada now owns 105,000 shares of the restaurant operator’s stock worth $785,000 after buying an additional 80,000 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in The ONE Group Hospitality by 55.8% during the fourth quarter. Renaissance Technologies LLC now owns 216,477 shares of the restaurant operator’s stock worth $801,000 after buying an additional 77,498 shares in the last quarter. Institutional investors and hedge funds own 7.26% of the company’s stock.

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

The ONE Group Hospitality Company Profile

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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