The stock of One Group Hospitality Inc (NASDAQ:STKS) is a huge mover today! The stock decreased 12.54% or $0.36 on November 23, hitting $2.51. About 110,348 shares traded hands or 202.81% up from the average. One Group Hospitality Inc (NASDAQ:STKS) has 0.00% since April 22, 2016 and is . It has underperformed by 5.41% the S&P500.
The move comes after 6 months negative chart setup for the $69.44M company. It was reported on Nov, 24 by Barchart.com. We have $2.43 PT which if reached, will make NASDAQ:STKS worth $2.08M less.
Analysts await One Group Hospitality Inc (NASDAQ:STKS) to report earnings on March, 29. They expect $0.08 earnings per share, down 55.56% or $0.10 from last year’s $0.18 per share. STKS’s profit will be $2.21M for 7.84 P/E if the $0.08 EPS becomes a reality. After $0.08 actual earnings per share reported by One Group Hospitality Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
According to Zacks Investment Research, “The ONE Group Hospitality, Inc. operates as a hospitality company. The Company develops, manages and operates a portfolio of high-energy restaurants, lounges and bars. It also provides food and beverage hospitality solutions. The Company’s primary restaurant brand is STK, which is a steakhouse concept with locations in metropolitan cities throughout the United States and in London. It provides ONE Hospitality, a signature turn-key food and beverage service for hospitality venues including, hotels, casinos and other high-end locations both nationally and internationally. The ONE Group Hospitality, Inc. is headquartered in New York.”
Insitutional Activity: The institutional sentiment increased to 8 in Q2 2016. Its up 7.00, from 1 in 2016Q1. The ratio improved, as 1 funds sold all One Group Hospitality Inc shares owned while 3 reduced positions. 1 funds bought stakes while 3 increased positions. They now own 4.12 million shares or 3.76% more from 3.97 million shares in 2016Q1.
Goldman Sachs Group holds 0% of its portfolio in One Group Hospitality Inc (NASDAQ:STKS) for 24,967 shares. Frigate Ventures L P has 1.88M shares for 0.94% of their US portfolio. Commercial Bank Of America Corporation De holds 0% or 20,144 shares in its portfolio. Taconic Capital Limited Partnership holds 356,000 shares or 0.14% of its portfolio. Blackrock Fund Advisors accumulated 0% or 2,774 shares. Tower Limited Liability Company (Trc) has invested 0% of its portfolio in One Group Hospitality Inc (NASDAQ:STKS). Jefferies Grp Limited Co owns 829,141 shares or 0.01% of their US portfolio. Federated Pa holds 0.01% of its portfolio in One Group Hospitality Inc (NASDAQ:STKS) for 1.00M shares. Blackrock Inv Mngmt has 0% invested in the company for 552 shares.
More important recent One Group Hospitality Inc (NASDAQ:STKS) news were published by: Businesswire.com which released: “The ONE Group Hospitality, Inc. Announces Planned Rights Offering of up to …” on January 05, 2016, also Businesswire.com published article titled: “The ONE Group Hospitality, Inc. Enters into Loan Agreement for $3 Million”, Businesswire.com published: “The ONE Group Hospitality, Inc. Announces Expiration of Public Warrants” on February 29, 2016. More interesting news about One Group Hospitality Inc (NASDAQ:STKS) was released by: Businesswire.com and their article: “The ONE Group Hospitality, Inc. Announces Commencement of Rights Offering” with publication date: January 19, 2016.
STKS Company Profile
The ONE Group Hospitality, Inc., formerly Committed Capital Acquisition Corporation, incorporated on January 24, 2006, is a hospitality company. The Firm develops, owns and operates restaurants and lounges, and provides food and beverage services for hospitality venues, including hotels, casinos and other locations across the globe. The Firm operates through three divisions: owned STK units (STKs), F&B hospitality management agreements (F&B), and Other concepts (Other). The Company’s STKs segment consists of leased restaurant locations. The Company’s F&B segment consists of management agreements, in which the Company operates the food and beverage services in hotels or casinos and could include an STK. The Company’s Other segment includes owned non-STK leased locations.
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