Key Points
- Director Jonathan Segal bought 37,000 ONE Group Hospitality shares at an average of $1.06 each, spending $39,220. The purchase increased his direct stake by 1.39% to 2,698,400 shares.
- STKS opened at $1.06 and has traded between $0.97 and $2.65 over the past 12 months; its 50-day and 200-day moving averages are $1.39 and $1.75, respectively.
- Analyst opinion is mixed, with a consensus Hold rating and a $4.00 consensus price target. Piper Sandler cut its target to $4.00, while Zacks upgraded its rating to Hold and Weiss maintained a Sell rating.
The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) Director Jonathan Segal acquired 37,000 shares of the business's stock in a transaction dated Tuesday, November 10th. The shares were bought at an average cost of $1.06 per share, for a total transaction of $39,220.00. Following the transaction, the director directly owned 2,698,400 shares of the company's stock, valued at approximately $2,860,304. This trade represents a 1.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Jonathan Segal also recently made the following trade(s):
- On Wednesday, November 11th, Jonathan Segal acquired 1 shares of ONE Group Hospitality stock. The stock was bought at an average price of $1.00 per share, for a total transaction of $1.00.
ONE Group Hospitality Trading Up 3.9%
NASDAQ:STKS opened at $1.06 on Friday. The stock has a fifty day moving average price of $1.39 and a 200 day moving average price of $1.75. The ONE Group Hospitality, Inc. has a 12-month low of $0.97 and a 12-month high of $2.65.
Institutional Trading of ONE Group Hospitality
Institutional investors have recently bought and sold shares of the business. Nantahala Capital Management LLC acquired a new position in shares of ONE Group Hospitality during the 2nd quarter worth about $4,263,379. BlackRock Inc. purchased a new position in shares of ONE Group Hospitality in the 2nd quarter valued at about $905,000. Kestra Advisory Services LLC acquired a new stake in shares of ONE Group Hospitality during the 3rd quarter worth about $45,000. Finally, Bank of America Corp DE acquired a new stake in shares of ONE Group Hospitality during the 2nd quarter worth about $51,000. 29.14% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have issued reports on STKS. Piper Sandler reduced their price target on ONE Group Hospitality from $5.00 to $4.00 and set a "neutral" rating on the stock 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 note on Monday, October 5th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of ONE Group Hospitality in a research report on Wednesday, November 4th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, ONE Group Hospitality currently has a consensus rating of "Hold" and a consensus target price of $4.00.
Read Our Latest Stock Report on ONE Group Hospitality
About ONE Group Hospitality
(
Get Free Report)
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.
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