The ONE Group Hospitality, Inc. (NASDAQ:STKS) Shares Sold by Kanen Wealth Management LLC

Kanen Wealth Management LLC reduced its stake in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,806,564 shares of the restaurant operator’s stock after selling 14,158 shares during the quarter. ONE Group Hospitality comprises approximately 5.1% of Kanen Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Kanen Wealth Management LLC owned about 0.16% of ONE Group Hospitality worth $13,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in ONE Group Hospitality by 60.0% in the second quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock valued at $1,308,000 after buying an additional 115,394 shares during the last quarter. Meros Investment Management LP raised its position in ONE Group Hospitality by 1.6% in the 2nd quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock valued at $2,960,000 after purchasing an additional 10,954 shares during the last quarter. Nantahala Capital Management LLC boosted its stake in ONE Group Hospitality by 119.6% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock worth $5,111,000 after purchasing an additional 654,818 shares during the period. Stoneridge Investment Partners LLC purchased a new position in ONE Group Hospitality during the 3rd quarter worth $44,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of ONE Group Hospitality in the third quarter valued at about $54,000. 29.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STKS has been the topic of a number of analyst reports. Stephens reiterated an “overweight” rating and issued a $6.00 price objective on shares of ONE Group Hospitality in a research report on Monday, January 13th. Wedbush dropped their target price on ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, November 11th.

ONE Group Hospitality Stock Down 1.2 %

Shares of NASDAQ STKS opened at $3.32 on Monday. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52. The ONE Group Hospitality, Inc. has a one year low of $2.68 and a one year high of $6.10. The company’s fifty day moving average is $3.10 and its two-hundred day moving average is $3.60.

ONE Group Hospitality (NASDAQ:STKS) last issued its earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share for the quarter. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. The company had revenue of $193.98 million for the quarter, compared to analyst estimates of $217.95 million. As a group, equities analysts forecast that The ONE Group Hospitality, Inc. will post 0.04 EPS for the current year.

ONE Group Hospitality Profile

The ONE Group Hospitality, Inc, a restaurant 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.