Deutsche Bank AG Acquires 61,752 Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS)

Deutsche Bank AG raised its holdings in The ONE Group Hospitality, Inc. (NASDAQ:STKS) by 839.5% in the 4th quarter, HoldingsChannel reports. The firm owned 69,108 shares of the restaurant operator’s stock after purchasing an additional 61,752 shares during the quarter. Deutsche Bank AG’s holdings in ONE Group Hospitality were worth $200,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of STKS. Nantahala Capital Management LLC raised its position in ONE Group Hospitality by 23.9% in the 4th quarter. Nantahala Capital Management LLC now owns 2,087,394 shares of the restaurant operator’s stock valued at $6,053,000 after purchasing an additional 403,321 shares during the last quarter. CastleKnight Management LP raised its position in ONE Group Hospitality by 9.4% in the 4th quarter. CastleKnight Management LP now owns 1,172,074 shares of the restaurant operator’s stock valued at $3,399,000 after purchasing an additional 100,300 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of ONE Group Hospitality by 430.8% during the fourth quarter. JPMorgan Chase & Co. now owns 83,411 shares of the restaurant operator’s stock worth $242,000 after acquiring an additional 67,698 shares during the last quarter. Jane Street Group LLC raised its position in shares of ONE Group Hospitality by 205.3% during the fourth quarter. Jane Street Group LLC now owns 65,539 shares of the restaurant operator’s stock worth $190,000 after acquiring an additional 44,073 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of ONE Group Hospitality during the fourth quarter worth $35,000. Institutional investors own 29.14% of the company’s stock.

Insider Buying and Selling

In other ONE Group Hospitality news, CFO Tyler Loy bought 10,000 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was purchased at an average cost of $2.55 per share, with a total value of $25,500.00. Following the completion of the purchase, the chief financial officer now owns 220,246 shares in the company, valued at approximately $561,627.30. The trade was a 4.76% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 25.10% of the stock is owned by insiders.

ONE Group Hospitality Stock Down 1.5%

Shares of ONE Group Hospitality stock opened at $3.39 on Tuesday. 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 ONE Group Hospitality, Inc. has a 12 month low of $2.37 and a 12 month high of $5.42. The business has a fifty day simple moving average of $3.25 and a 200 day simple moving average of $3.18. The stock has a market cap of $104.76 million, a PE ratio of -4.24 and a beta of 1.97.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings data on Tuesday, May 6th. The restaurant operator reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.32. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. The business had revenue of $211.13 million during the quarter, compared to analysts’ expectations of $202.87 million. Research analysts predict that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on STKS shares. Wedbush restated a “neutral” rating and set a $3.50 target price on shares of ONE Group Hospitality in a research report on Tuesday, March 11th. Northcoast Research started coverage on ONE Group Hospitality in a research report on Friday, April 11th. They set a “buy” rating and a $5.00 target price for the company. Noble Financial upgraded ONE Group Hospitality to a “strong-buy” rating in a research report on Wednesday, April 23rd. Stephens decreased their price objective on ONE Group Hospitality from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Finally, Wall Street Zen raised ONE Group Hospitality from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

ONE Group Hospitality 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.