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

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s stock price crossed 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of 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 given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $4.50.

ONE Group Hospitality Stock Performance

The firm’s 50-day moving average is $1.85 and its two-hundred day moving average is $1.95. The stock has a market cap of $58.07 million, a P/E ratio of -0.46 and a beta of 1.34.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported ($0.20) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $212.82 million during the quarter, compared to the consensus estimate of $218.55 million. As a group, research analysts forecast that The ONE Group Hospitality, Inc. will post -0.69 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of STKS. Bank of America Corp DE raised its position in ONE Group Hospitality by 18.7% in the 4th quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 5,477 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in ONE Group Hospitality in the 2nd quarter worth $132,000. Jane Street Group LLC boosted its stake in ONE Group Hospitality by 423.5% in the 2nd quarter. Jane Street Group LLC now owns 101,174 shares of the restaurant operator’s stock worth $410,000 after purchasing an additional 81,848 shares during the period. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 14,765 shares during the period. Finally, Group One Trading LLC boosted its stake in 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 purchasing an additional 18,965 shares during the period. Institutional investors own 29.14% of the company’s stock.

About ONE Group Hospitality

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.