GEN Restaurant Group, Inc. (NASDAQ:GENK) Short Interest Update

GEN Restaurant Group, Inc. (NASDAQ:GENK) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 298,600 shares, a growth of 141.6% from the December 15th total of 123,600 shares. Based on an average trading volume of 54,000 shares, the short-interest ratio is currently 5.5 days. Approximately 6.8% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

GEN Restaurant Group Price Performance

NASDAQ:GENK traded down $0.04 during trading hours on Tuesday, reaching $7.27. 20,118 shares of the company traded hands, compared to its average volume of 40,140. The firm’s 50-day moving average is $8.09 and its 200-day moving average is $8.35. The stock has a market cap of $238.46 million, a P/E ratio of 42.76 and a beta of 1.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.87. GEN Restaurant Group has a 1-year low of $5.61 and a 1-year high of $14.46.

GEN Restaurant Group (NASDAQ:GENK) last announced its earnings results on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $49.11 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm earned $0.08 EPS. Equities research analysts expect that GEN Restaurant Group will post 0.01 earnings per share for the current fiscal year.

Insider Transactions at GEN Restaurant Group

In other GEN Restaurant Group news, CEO David Wook Jin Kim purchased 4,277 shares of GEN Restaurant Group stock in a transaction on Thursday, December 19th. The shares were bought at an average price of $7.36 per share, with a total value of $31,478.72. Following the completion of the acquisition, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders bought 21,731 shares of company stock worth $171,740. Company insiders own 61.13% of the company’s stock.

Institutional Investors Weigh In On GEN Restaurant Group

Hedge funds have recently made changes to their positions in the business. Apis Capital Advisors LLC acquired a new stake in shares of GEN Restaurant Group during the second quarter worth $91,000. Connors Investor Services Inc. acquired a new stake in shares of GEN Restaurant Group during the second quarter worth $124,000. SkyView Investment Advisors LLC acquired a new stake in shares of GEN Restaurant Group during the second quarter worth $154,000. Renaissance Technologies LLC boosted its holdings in shares of GEN Restaurant Group by 86.2% during the second quarter. Renaissance Technologies LLC now owns 35,199 shares of the company’s stock worth $319,000 after purchasing an additional 16,299 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of GEN Restaurant Group by 5.5% during the third quarter. Geode Capital Management LLC now owns 46,496 shares of the company’s stock worth $393,000 after purchasing an additional 2,427 shares during the last quarter. Institutional investors and hedge funds own 10.22% of the company’s stock.

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.