Connors Investor Services Inc. Makes New $124,000 Investment in GEN Restaurant Group, Inc. (NASDAQ:GENK)

Connors Investor Services Inc. purchased a new stake in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) during the second quarter, HoldingsChannel.com reports. The fund purchased 13,674 shares of the company’s stock, valued at approximately $124,000.

A number of other large investors have also recently made changes to their positions in GENK. Wasatch Advisors LP lifted its position in GEN Restaurant Group by 23.6% during the fourth quarter. Wasatch Advisors LP now owns 657,738 shares of the company’s stock valued at $5,150,000 after purchasing an additional 125,542 shares during the period. Sanders Morris Harris LLC purchased a new stake in GEN Restaurant Group during the 1st quarter valued at $2,628,000. Vanguard Group Inc. lifted its holdings 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 valued at $1,922,000 after buying an additional 136,578 shares during the period. Skylands Capital LLC boosted its stake in shares of GEN Restaurant Group by 19.6% in the 2nd quarter. Skylands Capital LLC now owns 176,360 shares of the company’s stock worth $1,598,000 after buying an additional 28,960 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of GEN Restaurant Group by 86.2% in the 2nd quarter. Renaissance Technologies LLC now owns 35,199 shares of the company’s stock worth $319,000 after buying an additional 16,299 shares during the last quarter. 10.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm lowered their target price on GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, August 1st.

GEN Restaurant Group Stock Up 0.5 %

Shares of GENK stock opened at $8.39 on Tuesday. The company has a 50 day simple moving average of $8.53 and a two-hundred day simple moving average of $9.43. The stock has a market cap of $271.83 million, a P/E ratio of 46.61 and a beta of 2.32. GEN Restaurant Group, Inc. has a 12 month low of $5.61 and a 12 month high of $14.46. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.10.

GEN Restaurant Group (NASDAQ:GENK) last announced its earnings results on Wednesday, July 31st. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. GEN Restaurant Group had a return on equity of 2.76% and a net margin of 0.56%. The company had revenue of $53.86 million for the quarter, compared to analysts’ expectations of $50.30 million. On average, research analysts expect that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current year.

GEN Restaurant Group Profile

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.