GEN Restaurant Group, Inc. (NASDAQ:GENK) Short Interest Up 25.9% in July

GEN Restaurant Group, Inc. (NASDAQ:GENK) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 139,900 shares, a growth of 25.9% from the June 30th total of 111,100 shares. Approximately 3.6% of the shares of the stock are sold short. Based on an average trading volume of 53,400 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Investors Weigh In On GEN Restaurant Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Skylands Capital LLC raised its holdings in GEN Restaurant Group by 19.6% in the second quarter. Skylands Capital LLC now owns 176,360 shares of the company’s stock worth $1,598,000 after purchasing an additional 28,960 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of GEN Restaurant Group by 487.8% during the 1st quarter. Vanguard Group Inc. now owns 164,574 shares of the company’s stock worth $1,922,000 after acquiring an additional 136,578 shares in the last quarter. Sanders Morris Harris LLC purchased a new stake in GEN Restaurant Group during the first quarter valued at approximately $2,628,000. Finally, Wasatch Advisors LP boosted its stake in GEN Restaurant Group by 23.6% in the fourth quarter. Wasatch Advisors LP now owns 657,738 shares of the company’s stock valued at $5,150,000 after acquiring an additional 125,542 shares in the last quarter. Institutional investors own 10.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Craig Hallum increased their price target on shares of GEN Restaurant Group from $10.00 to $13.50 and gave the company a “buy” rating in a report on Wednesday, May 15th. Roth Mkm reaffirmed a “buy” rating and issued a $14.00 price objective (up from $10.00) on shares of GEN Restaurant Group in a research note on Wednesday, May 15th. Finally, Benchmark restated a “buy” rating and issued a $14.00 price target on shares of GEN Restaurant Group in a research report on Thursday, May 16th.

GEN Restaurant Group Trading Down 0.1 %

GENK traded down $0.01 on Tuesday, reaching $8.25. 19,020 shares of the company traded hands, compared to its average volume of 67,759. The firm has a fifty day simple moving average of $9.66 and a two-hundred day simple moving average of $9.36. The company has a market cap of $267.30 million and a P/E ratio of 45.89. GEN Restaurant Group has a one year low of $5.61 and a one year high of $20.50. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.11.

GEN Restaurant Group (NASDAQ:GENK) last released its quarterly earnings data on Tuesday, May 14th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.10. The company had revenue of $50.76 million during the quarter, compared to analyst estimates of $47.90 million. GEN Restaurant Group had a net margin of 0.44% and a return on equity of 2.32%. As a group, equities research analysts expect that GEN Restaurant Group will post 0.05 earnings per share for the current year.

About GEN Restaurant Group

GEN Restaurant Group, Inc operates restaurants in California, Arizona, Hawaii, Nevada, Texas, New York, and Florida. It offers meats, poultry, and seafood. The company was founded in 2011 and is based in Cerritos, California.