GEN Restaurant Group, Inc. (NASDAQ:GENK) Sees Large Growth in Short Interest

GEN Restaurant Group, Inc. (NASDAQ:GENK) saw a significant 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 daily volume of 54,000 shares, the days-to-cover ratio is currently 5.5 days. Approximately 6.8% of the shares of the company are sold short.

Insider Activity

In other news, CEO David Wook Jin Kim acquired 12,500 shares of the stock in a transaction on Monday, December 16th. The stock was acquired at an average cost of $8.09 per share, for a total transaction of $101,125.00. Following the completion of the transaction, the chief executive officer now directly owns 147,593 shares in the company, valued at approximately $1,194,027.37. This trade represents a 9.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have purchased 21,731 shares of company stock valued at $171,740 over the last ninety days. 61.13% of the stock is currently owned by company insiders.

Institutional Trading of GEN Restaurant Group

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in shares of GEN Restaurant Group by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 46,496 shares of the company’s stock valued at $393,000 after purchasing an additional 2,427 shares during the period. Bard Associates Inc. grew its position in shares of GEN Restaurant Group by 1.7% during the 3rd quarter. Bard Associates Inc. now owns 175,676 shares of the company’s stock worth $1,483,000 after buying an additional 2,956 shares during the period. Portolan Capital Management LLC increased its stake in shares of GEN Restaurant Group by 1.8% in 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 acquired a new position in shares of GEN Restaurant Group during the 2nd quarter valued at $91,000. Finally, Connors Investor Services Inc. acquired a new position in shares of GEN Restaurant Group during the 2nd quarter valued at $124,000. 10.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

GEN Restaurant Group Price Performance

Shares of NASDAQ:GENK traded down $0.11 during trading on Thursday, hitting $7.29. 7,566 shares of the company were exchanged, compared to its average volume of 35,641. The business’s 50 day moving average is $8.02 and its 200-day moving average is $8.34. The company has a market capitalization of $239.11 million, a P/E ratio of 42.88 and a beta of 1.95. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. 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 posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $49.11 million during the quarter, compared to the consensus estimate 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 in the prior year, the business posted $0.08 earnings per share. Equities analysts forecast that GEN Restaurant Group will post 0.01 earnings per share for the current year.

GEN Restaurant Group Company 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.