ONE Group Hospitality (NASDAQ:STKS) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.92 and traded as high as $2.00. ONE Group Hospitality shares last traded at $1.90, with a volume of 8,059 shares changing hands.

Analyst Upgrades and Downgrades

STKS has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ONE Group Hospitality in a research note on Friday, July 10th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.50.

ONE Group Hospitality Stock Performance

The firm has a market cap of $58.55 million, a PE ratio of -0.46 and a beta of 1.33. The stock has a 50-day simple moving average of $1.92 and a two-hundred day simple moving average of $1.95.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.32). ONE Group Hospitality had a negative net margin of 11.15% and a negative return on equity of 6.77%. The company had revenue of $212.82 million for the quarter, compared to analysts’ expectations of $218.55 million. As a group, sell-side analysts anticipate that The ONE Group Hospitality, Inc. will post -0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On ONE Group Hospitality

A number of hedge funds have recently added to or reduced their stakes in STKS. CastleKnight Management LP lifted its holdings in shares of ONE Group Hospitality by 4.7% during the 4th quarter. CastleKnight Management LP now owns 1,286,991 shares of the restaurant operator’s stock valued at $2,252,000 after buying an additional 58,015 shares during the period. Piedmont Capital Management LLC NC bought a new stake in shares of ONE Group Hospitality in the fourth quarter worth $104,000. McGowan Group Asset Management Inc. grew its holdings in shares of ONE Group Hospitality by 12.7% in the fourth quarter. McGowan Group Asset Management Inc. now owns 945,000 shares of the restaurant operator’s stock worth $1,654,000 after acquiring an additional 106,665 shares during the period. Bank of America Corp DE increased its position in ONE Group Hospitality by 20.8% during the third quarter. Bank of America Corp DE now owns 55,634 shares of the restaurant operator’s stock valued at $165,000 after acquiring an additional 9,594 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in ONE Group Hospitality during the third quarter valued at $97,000. 29.14% of the stock is currently owned by hedge funds and other institutional investors.

ONE Group Hospitality Company Profile

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.