Magnus Financial Group LLC Invests $72,000 in The ONE Group Hospitality, Inc. (NASDAQ:STKS)

Magnus Financial Group LLC bought a new stake in shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 25,000 shares of the restaurant operator’s stock, valued at approximately $72,000. Magnus Financial Group LLC owned about 0.08% of ONE Group Hospitality as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. American Century Companies Inc. boosted its holdings in ONE Group Hospitality by 60.0% during the 2nd quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock worth $1,308,000 after acquiring an additional 115,394 shares during the last quarter. Meros Investment Management LP boosted its holdings in ONE Group Hospitality by 1.6% during the second quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock worth $2,960,000 after purchasing an additional 10,954 shares during the last quarter. Nantahala Capital Management LLC grew its position in ONE Group Hospitality by 119.6% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock worth $5,111,000 after purchasing an additional 654,818 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in shares of ONE Group Hospitality in the third quarter worth $44,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of ONE Group Hospitality in the third quarter worth $54,000. Institutional investors own 29.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on STKS shares. Stephens reaffirmed an “overweight” rating and issued a $6.00 price target on shares of ONE Group Hospitality in a report on Monday, January 13th. Wedbush lowered their target price on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, November 11th.

ONE Group Hospitality Trading Up 1.4 %

NASDAQ STKS opened at $3.50 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 6.73. The stock’s 50-day simple moving average is $3.12 and its two-hundred day simple moving average is $3.59. The ONE Group Hospitality, Inc. has a twelve month low of $2.68 and a twelve month high of $6.10. The company has a market capitalization of $107.98 million, a price-to-earnings ratio of -4.38 and a beta of 2.38.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings data on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share for the quarter. The firm had revenue of $193.98 million for the quarter, compared to analysts’ expectations of $217.95 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. Research analysts forecast that The ONE Group Hospitality, Inc. will post -0.08 EPS for the current fiscal year.

ONE Group Hospitality Company Profile

The ONE Group Hospitality, Inc, a restaurant 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.