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

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

GEN Restaurant Group Stock Performance

GENK stock traded up $0.15 during midday trading on Friday, reaching $6.50. The stock had a trading volume of 6,348 shares, compared to its average volume of 40,686. The firm has a fifty day simple moving average of $7.59 and a two-hundred day simple moving average of $8.21. GEN Restaurant Group has a 52-week low of $5.61 and a 52-week high of $14.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a market cap of $213.04 million, a PE ratio of 38.21 and a beta of 1.95.

GEN Restaurant Group (NASDAQ:GENK) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $49.11 million during 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 period last year, the business posted $0.08 earnings per share. As a group, equities research analysts anticipate that GEN Restaurant Group will post 0.01 EPS for the current year.

Insider Buying and Selling

In related news, CEO David Wook Jin Kim bought 12,500 shares of GEN Restaurant Group stock in a transaction dated Monday, December 16th. The shares were acquired at an average cost of $8.09 per share, with a total value of $101,125.00. Following the completion of the transaction, the chief executive officer now owns 147,593 shares in the company, valued at $1,194,027.37. The trade was a 9.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders acquired 21,731 shares of company stock valued at $171,740. Insiders own 61.13% of the company’s stock.

Institutional Investors Weigh In On GEN Restaurant Group

Hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted its holdings in shares of GEN Restaurant Group by 72.7% in the 3rd quarter. Wasatch Advisors LP now owns 838,451 shares of the company’s stock valued at $7,077,000 after buying an additional 352,922 shares during the period. Sanders Morris Harris LLC lifted its holdings in GEN Restaurant Group by 14.3% in the fourth quarter. Sanders Morris Harris LLC now owns 219,990 shares of the company’s stock valued at $1,628,000 after acquiring an additional 27,591 shares during the period. Renaissance Technologies LLC boosted its position in 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 purchasing an additional 16,299 shares in the last quarter. Portolan Capital Management LLC grew its stake 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 worth $3,146,000 after purchasing an additional 6,641 shares during the period. Finally, Bard Associates Inc. grew its stake 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 purchasing an additional 2,956 shares during the period. 10.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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 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.