Wasatch Advisors LP lowered its stake in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK – Free Report) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 626,115 shares of the company’s stock after selling 31,623 shares during the quarter. Wasatch Advisors LP owned about 1.93% of GEN Restaurant Group worth $7,313,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC acquired a new position in shares of GEN Restaurant Group during the 3rd quarter valued at about $68,000. Sanders Morris Harris LLC acquired a new stake in GEN Restaurant Group during the 1st quarter worth approximately $2,628,000. Finally, FMR LLC acquired a new stake in GEN Restaurant Group during the 3rd quarter worth approximately $4,984,000. Institutional investors and hedge funds own 10.22% of the company’s stock.
GEN Restaurant Group Stock Down 3.7 %
NASDAQ:GENK traded down $0.32 during trading hours on Tuesday, hitting $8.35. The stock had a trading volume of 58,933 shares, compared to its average volume of 68,042. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. GEN Restaurant Group, Inc. has a 1-year low of $5.61 and a 1-year high of $20.50. The business has a 50 day simple moving average of $10.49 and a two-hundred day simple moving average of $9.23. The company has a market cap of $270.54 million and a PE ratio of 46.39.
Wall Street Analysts Forecast Growth
GENK has been the subject of a number of research analyst reports. Craig Hallum increased their target price on shares of GEN Restaurant Group from $10.00 to $13.50 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Roth Mkm reissued a “buy” rating and set a $14.00 target price (up previously from $10.00) on shares of GEN Restaurant Group in a research report on Wednesday, May 15th. Finally, Benchmark reissued a “buy” rating and set a $14.00 target price on shares of GEN Restaurant Group in a research report on Thursday, May 16th.
Read Our Latest Analysis on GEN Restaurant Group
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.
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