Insider Buying: ONE Group Hospitality (NASDAQ:STKS) Director Acquires $39,220.00 in Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Jonathan Segal acquired 37,000 shares of ONE Group Hospitality stock in a transaction on Tuesday, November 10th. The stock was purchased at an average price of $1.06 per share, with a total value of $39,220.00. Following the purchase, the director owned 2,698,400 shares of the company’s stock, valued at $2,860,304. The trade was a 1.39% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Jonathan Segal also recently made the following trade(s):

• On Wednesday, November 11th, Jonathan Segal acquired 1 shares of ONE Group Hospitality stock. The shares were acquired at an average cost of $1.00 per share, for a total transaction of $1.00.

ONE Group Hospitality Trading Up 4.7%

Shares of NASDAQ STKS traded up $0.05 during midday trading on Friday, reaching $1.11. 32,265 shares of the company were exchanged, compared to its average volume of 42,692. The stock has a market cap of $35.46 million, a P/E ratio of -0.60 and a beta of 1.30. The ONE Group Hospitality, Inc. has a 1 year low of $0.97 and a 1 year high of $2.65. The stock has a fifty day simple moving average of $1.38 and a 200 day simple moving average of $1.75.

Wall Street Analyst Weigh In

STKS has been the subject of a number of research reports. Piper Sandler reduced their price target on shares of ONE Group Hospitality from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Zacks Research raised ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ONE Group Hospitality in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Nantahala Capital Management LLC acquired a new stake in ONE Group Hospitality during the second quarter worth about $4,263,379. BlackRock Inc. bought a new position in ONE Group Hospitality during the second quarter valued at about $905,000. Kestra Advisory Services LLC acquired a new position in ONE Group Hospitality in the 3rd quarter valued at approximately $45,000. Finally, Bank of America Corp DE acquired a new position in ONE Group Hospitality in the 2nd quarter valued at approximately $51,000. Hedge funds and other institutional investors own 29.14% of the company’s stock.

ONE Group Hospitality Company Profile

ONE Group Hospitality, Inc. is a hospitality company that develops, owns, operates and manages restaurants and lounges. Its concepts include STK, a modern steakhouse and lounge; Benihana, known for Japanese teppanyaki dining; Kona Grill; and RA Sushi. The company also provides food and beverage management services for hotels, resorts and other venues. Its restaurants and hospitality operations serve guests in the United States and select international markets. Founded in 2004, the company expanded its portfolio with the 2024 acquisition of Benihana, Inc., which brought the Benihana and RA Sushi brands into its business.