ONE Group Hospitality (NASDAQ:STKS) Director Purchases $39,220.00 in Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Jonathan Segal purchased 37,000 shares of the stock in a transaction dated Tuesday, November 10th. The shares were acquired at an average price of $1.06 per share, with a total value of $39,220.00. Following the transaction, the director owned 2,698,400 shares in the company, valued at $2,860,304. This trade represents a 1.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jonathan Segal also recently made the following trade(s):

• On Wednesday, November 11th, Jonathan Segal purchased 1 shares of ONE Group Hospitality stock. The shares were acquired at an average cost of $1.00 per share, with a total value of $1.00.

ONE Group Hospitality Stock Up 3.9%

NASDAQ STKS traded up $0.04 during trading hours on Thursday, hitting $1.06. The company’s stock had a trading volume of 153,007 shares, compared to its average volume of 30,423. The stock has a fifty day moving average of $1.41 and a 200 day moving average of $1.76. The ONE Group Hospitality, Inc. has a twelve month low of $0.97 and a twelve month high of $2.65. The firm has a market capitalization of $33.86 million, a P/E ratio of -0.58 and a beta of 1.30.

Hedge Funds Weigh In On ONE Group Hospitality

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new stake in shares of ONE Group Hospitality in the 2nd quarter valued at about $51,000. Kestra Advisory Services LLC acquired a new position in ONE Group Hospitality during the third quarter valued at approximately $45,000. BlackRock Inc. acquired a new position in ONE Group Hospitality during the second quarter valued at approximately $905,000. Finally, Nantahala Capital Management LLC bought a new stake in ONE Group Hospitality in the second quarter valued at approximately $4,263,379. 29.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STKS has been the subject of several recent research reports. Piper Sandler dropped their target price on shares of ONE Group Hospitality from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Zacks Research upgraded ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of ONE Group Hospitality in a research report on Wednesday, November 4th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, ONE Group Hospitality presently has a consensus rating of “Hold” and a consensus target price of $4.00.

About ONE Group Hospitality

ONE Group Hospitality, Inc. is a hospitality company that develops, owns, operates, manages and licenses upscale and polished-casual restaurants and lounges. Its concepts emphasize high-energy dining, premium food and beverage offerings, and entertainment-oriented guest experiences. The company’s principal brands are STK Steakhouse and Kona Grill. STK combines the traditional steakhouse with a contemporary lounge atmosphere, serving premium steaks, seafood, cocktails and other upscale menu items.