Bank of New York Mellon Corp Purchases 2,592 Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS)

Bank of New York Mellon Corp increased its stake in The ONE Group Hospitality, Inc. (NASDAQ:STKSFree Report) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,018 shares of the restaurant operator’s stock after acquiring an additional 2,592 shares during the period. Bank of New York Mellon Corp’s holdings in ONE Group Hospitality were worth $765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kanen Wealth Management LLC purchased a new position in ONE Group Hospitality in the second quarter worth about $32,712,000. BlackRock Inc. boosted its position in shares of ONE Group Hospitality by 23.4% during the second quarter. BlackRock Inc. now owns 1,417,777 shares of the restaurant operator’s stock valued at $10,378,000 after buying an additional 268,642 shares during the period. Vanguard Group Inc. boosted its position in shares of ONE Group Hospitality by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,183,474 shares of the restaurant operator’s stock valued at $12,438,000 after buying an additional 18,240 shares during the period. CastleKnight Management LP boosted its position in shares of ONE Group Hospitality by 5.0% during the second quarter. CastleKnight Management LP now owns 835,612 shares of the restaurant operator’s stock valued at $6,117,000 after buying an additional 39,518 shares during the period. Finally, Meros Investment Management LP boosted its position in shares of ONE Group Hospitality by 41.5% during the second quarter. Meros Investment Management LP now owns 585,006 shares of the restaurant operator’s stock valued at $4,282,000 after buying an additional 171,614 shares during the period. Hedge funds and other institutional investors own 59.25% of the company’s stock.

ONE Group Hospitality Stock Up 2.3 %

Shares of NASDAQ STKS opened at $4.02 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.92. The firm has a market capitalization of $125.71 million, a price-to-earnings ratio of 26.80 and a beta of 2.47. The stock has a 50 day moving average price of $5.23 and a 200 day moving average price of $5.51. The ONE Group Hospitality, Inc. has a 52-week low of $3.72 and a 52-week high of $9.40.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wedbush dropped their target price on ONE Group Hospitality from $7.50 to $5.25 and set a “neutral” rating for the company in a research report on Thursday, November 9th. StockNews.com upgraded ONE Group Hospitality from a “sell” rating to a “hold” rating in a research report on Saturday, January 27th. Finally, Stephens dropped their target price on ONE Group Hospitality from $12.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday, November 8th.

Read Our Latest Analysis on STKS

ONE Group Hospitality Company Profile

(Free Report)

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

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