Insider Buying: GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO Purchases 4,277 Shares of Stock

GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO David Wook Jin Kim acquired 4,277 shares of GEN Restaurant Group stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $7.36 per share, with a total value of $31,478.72. Following the acquisition, the chief executive officer now owns 151,870 shares of the company’s stock, valued at approximately $1,117,763.20. This trade represents a 2.90 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

David Wook Jin Kim also recently made the following trade(s):

• On Monday, December 16th, David Wook Jin Kim bought 12,500 shares of GEN Restaurant Group stock. The shares were purchased at an average cost of $8.09 per share, with a total value of $101,125.00.
• On Thursday, November 21st, David Wook Jin Kim bought 3,954 shares of GEN Restaurant Group stock. The shares were acquired at an average cost of $7.90 per share, for a total transaction of $31,236.60.
• On Tuesday, November 19th, David Wook Jin Kim acquired 1,000 shares of GEN Restaurant Group stock. The stock was bought at an average cost of $7.90 per share, with a total value of $7,900.00.

GEN Restaurant Group Trading Up 2.4 %

Shares of GENK stock opened at $7.38 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.91. GEN Restaurant Group, Inc. has a fifty-two week low of $5.61 and a fifty-two week high of $14.46. The company has a market cap of $242.06 million, a PE ratio of 43.41 and a beta of 1.93. The stock’s fifty day moving average price is $8.47 and its two-hundred day moving average price is $8.69.

GEN Restaurant Group (NASDAQ:GENK) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $49.11 million for the quarter, compared to analyst estimates of $49.90 million. GEN Restaurant Group had a return on equity of 1.83% and a net margin of 0.39%. During the same period last year, the firm posted $0.08 earnings per share. Equities analysts predict that GEN Restaurant Group, Inc. will post 0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and issued a $14.00 target price on shares of GEN Restaurant Group in a research report on Monday, November 18th.

Hedge Funds Weigh In On GEN Restaurant Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in GEN Restaurant Group by 5.5% in the third quarter. Geode Capital Management LLC now owns 46,496 shares of the company’s stock valued at $393,000 after buying an additional 2,427 shares in the last quarter. Bard Associates Inc. lifted its stake in shares of GEN Restaurant Group by 1.7% in the 3rd quarter. Bard Associates Inc. now owns 175,676 shares of the company’s stock valued at $1,483,000 after acquiring an additional 2,956 shares during the last quarter. Portolan Capital Management LLC boosted its holdings in shares of GEN Restaurant Group by 1.8% during the 3rd quarter. Portolan Capital Management LLC now owns 372,759 shares of the company’s stock valued at $3,146,000 after acquiring an additional 6,641 shares in the last quarter. Apis Capital Advisors LLC bought a new stake in GEN Restaurant Group during the 2nd quarter worth $91,000. Finally, Connors Investor Services Inc. acquired a new position in GEN Restaurant Group in the 2nd quarter worth about $124,000. 10.22% of the stock is currently owned by institutional investors and hedge funds.

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.