The ONE Group Hospitality, Inc. (NASDAQ:STKS) Shares Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC increased its stake in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 179.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,172 shares of the restaurant operator’s stock after purchasing an additional 21,309 shares during the period. Cubist Systematic Strategies LLC owned 0.10% of ONE Group Hospitality worth $366,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Morgan Stanley acquired a new position in shares of ONE Group Hospitality during the 1st quarter worth approximately $97,000. Rhumbline Advisers purchased a new stake in ONE Group Hospitality in the 2nd quarter worth approximately $113,000. Deutsche Bank AG purchased a new stake in ONE Group Hospitality in the 2nd quarter worth approximately $128,000. Shay Capital LLC purchased a new stake in ONE Group Hospitality in the 2nd quarter worth approximately $144,000. Finally, Jane Street Group LLC purchased a new stake in ONE Group Hospitality in the 1st quarter worth approximately $150,000. Hedge funds and other institutional investors own 47.34% of the company’s stock.

In related news, CAO Christi Hing sold 2,208 shares of the company’s stock in a transaction on Tuesday, November 9th. The shares were sold at an average price of $15.28, for a total transaction of $33,738.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eugene M. Bullis purchased 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 16th. The shares were acquired at an average cost of $14.86 per share, with a total value of $37,150.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 28,685 shares of company stock valued at $461,131. 23.20% of the stock is owned by corporate insiders.

Shares of NASDAQ STKS opened at $13.66 on Thursday. The ONE Group Hospitality, Inc. has a 52-week low of $2.96 and a 52-week high of $16.44. The firm has a fifty day moving average of $12.81 and a 200-day moving average of $11.34. The stock has a market capitalization of $438.60 million, a PE ratio of 22.77 and a beta of 2.60. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.43.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings data on Thursday, November 4th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.09). ONE Group Hospitality had a net margin of 8.86% and a return on equity of 35.42%. During the same quarter in the previous year, the firm earned $0.02 EPS. Equities research analysts expect that The ONE Group Hospitality, Inc. will post 0.53 EPS for the current fiscal year.

Several research firms have commented on STKS. Piper Sandler raised shares of ONE Group Hospitality from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $12.00 to $17.00 in a research note on Monday, September 20th. TheStreet raised shares of ONE Group Hospitality from a “c” rating to a “b” rating in a research note on Thursday, August 12th. Lake Street Capital boosted their price objective on shares of ONE Group Hospitality from $12.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, August 11th. Finally, Zacks Investment Research cut shares of ONE Group Hospitality from a “hold” rating to a “sell” rating in a research note on Saturday, November 20th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, ONE Group Hospitality presently has an average rating of “Buy” and an average target price of $14.50.

ONE Group Hospitality Company Profile

The ONE Group Hospitality, Inc engages in the development, owning, and management of restaurants and lounges. It operates through the following segments: STK, Kona Grill, ONE Hospitality and Corporate. The STK segment consists of the results of operations from STK restaurant locations, competing in the full-service dining industry, as well as management, license.

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Institutional Ownership by Quarter for ONE Group Hospitality (NASDAQ:STKS)

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