The ONE Group Hospitality, Inc. (NASDAQ:STKS) Short Interest Update


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The ONE Group Hospitality, Inc. (NASDAQ:STKS) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 155,900 shares, a growth of 30.5% from the March 31st total of 119,500 shares. Based on an average daily volume of 171,500 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.8% of the shares of the stock are sold short.

Several hedge funds have recently made changes to their positions in STKS. Virtu Financial LLC acquired a new position in shares of The ONE Group Hospitality in the 3rd quarter valued at $47,000. BlackRock Inc. boosted its stake in The ONE Group Hospitality by 7.4% in the 4th quarter. BlackRock Inc. now owns 91,181 shares of the restaurant operator’s stock worth $337,000 after purchasing an additional 6,304 shares during the period. Renaissance Technologies LLC boosted its stake in The ONE Group Hospitality by 55.8% in the 4th quarter. Renaissance Technologies LLC now owns 216,477 shares of the restaurant operator’s stock worth $801,000 after purchasing an additional 77,498 shares during the period. Northern Trust Corp boosted its stake in The ONE Group Hospitality by 81.1% in the 4th quarter. Northern Trust Corp now owns 37,982 shares of the restaurant operator’s stock worth $141,000 after purchasing an additional 17,013 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in The ONE Group Hospitality in the 4th quarter worth $111,000. 6.31% of the stock is owned by institutional investors.

Shares of The ONE Group Hospitality stock opened at $9.50 on Wednesday. The firm has a fifty day moving average of $8.48 and a two-hundred day moving average of $4.88. The stock has a market capitalization of $276.64 million, a price-to-earnings ratio of 25.68 and a beta of 2.42. The ONE Group Hospitality has a 52 week low of $1.25 and a 52 week high of $10.90. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.27 and a current ratio of 1.35.

The ONE Group Hospitality (NASDAQ:STKS) last issued its earnings results on Friday, March 19th. The restaurant operator reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $44.99 million during the quarter, compared to analysts’ expectations of $38.50 million. The ONE Group Hospitality had a net margin of 7.71% and a negative return on equity of 6.58%. As a group, research analysts forecast that The ONE Group Hospitality will post -0.03 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the company. Loop Capital lifted their price objective on The ONE Group Hospitality from $4.00 to $10.00 and gave the company a “buy” rating in a report on Monday, March 22nd. Lake Street Capital boosted their price objective on shares of The ONE Group Hospitality from $3.50 to $10.00 and gave the stock a “buy” rating in a research report on Monday, March 22nd. Zacks Investment Research cut shares of The ONE Group Hospitality from a “buy” rating to a “hold” rating in a research report on Saturday, April 10th. Finally, Piper Sandler boosted their price objective on shares of 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. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $9.56.

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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