Jonathan Segal Sells 128,648 Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Jonathan Segal sold 128,648 shares of the company’s stock in a transaction that occurred on Thursday, June 10th. The shares were sold at an average price of $12.68, for a total value of $1,631,256.64. Following the completion of the transaction, the director now owns 4,427,508 shares in the company, valued at $56,140,801.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, June 8th, Jonathan Segal sold 24,385 shares of The ONE Group Hospitality stock. The shares were sold at an average price of $11.35, for a total value of $276,769.75.
  • On Friday, June 4th, Jonathan Segal sold 13,800 shares of The ONE Group Hospitality stock. The shares were sold at an average price of $10.88, for a total value of $150,144.00.
  • On Friday, May 28th, Jonathan Segal sold 6,638 shares of The ONE Group Hospitality stock. The shares were sold at an average price of $10.80, for a total value of $71,690.40.
  • On Monday, May 24th, Jonathan Segal sold 33,222 shares of The ONE Group Hospitality stock. The shares were sold at an average price of $10.33, for a total value of $343,183.26.
  • On Friday, May 21st, Jonathan Segal sold 20,314 shares of The ONE Group Hospitality stock. The shares were sold at an average price of $10.34, for a total value of $210,046.76.
  • On Wednesday, May 19th, Jonathan Segal sold 5,781 shares of The ONE Group Hospitality stock. The shares were sold at an average price of $10.53, for a total value of $60,873.93.
  • On Friday, May 14th, Jonathan Segal sold 10,690 shares of The ONE Group Hospitality stock. The shares were sold at an average price of $10.81, for a total value of $115,558.90.
  • On Monday, May 17th, Jonathan Segal sold 19,132 shares of The ONE Group Hospitality stock. The shares were sold at an average price of $11.32, for a total value of $216,574.24.

Shares of STKS stock opened at $12.81 on Friday. 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 stock’s fifty day moving average price is $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 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 issued its earnings results 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 firm had revenue of $50.48 million during 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%. As a group, equities analysts expect that The ONE Group Hospitality, Inc. will post 0.41 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new position in The ONE Group Hospitality in the first quarter valued at $89,000. Morgan Stanley acquired a new position in The ONE Group Hospitality in the first quarter valued at $97,000. Squarepoint Ops LLC acquired a new position in The ONE Group Hospitality in the fourth quarter valued at $111,000. Northern Trust Corp boosted its stake in The ONE Group Hospitality by 81.1% in the fourth quarter. Northern Trust Corp now owns 37,982 shares of the restaurant operator’s stock valued at $141,000 after acquiring an additional 17,013 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in The ONE Group Hospitality in the first quarter valued at $150,000. Institutional investors own 7.26% of the company’s stock.

A number of analysts have recently weighed in on STKS shares. Lake Street Capital upped their price objective 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 upped their price objective 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 raised The ONE Group Hospitality from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Thursday, May 13th. Finally, Piper Sandler upped their price objective on The ONE Group Hospitality from $4.00 to $9.00 and gave the stock a “neutral” rating in a research 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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