Wasatch Advisors LP Boosts Stock Holdings in GEN Restaurant Group, Inc. (NASDAQ:GENK)

Wasatch Advisors LP grew its stake in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) by 17.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 986,957 shares of the company’s stock after buying an additional 148,506 shares during the quarter. Wasatch Advisors LP’s holdings in GEN Restaurant Group were worth $7,382,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings 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 acquiring an additional 2,427 shares during the last quarter. Renaissance Technologies LLC increased its stake in GEN Restaurant Group by 235.8% during the fourth quarter. Renaissance Technologies LLC now owns 54,400 shares of the company’s stock worth $407,000 after acquiring an additional 38,200 shares during the last quarter. Diametric Capital LP raised its holdings in shares of GEN Restaurant Group by 163.7% in the 4th quarter. Diametric Capital LP now owns 67,933 shares of the company’s stock worth $508,000 after purchasing an additional 42,175 shares during the period. Sanders Morris Harris LLC lifted its stake in shares of GEN Restaurant Group by 14.3% in the 4th quarter. Sanders Morris Harris LLC now owns 219,990 shares of the company’s stock valued at $1,628,000 after purchasing an additional 27,591 shares in the last quarter. Finally, Skylands Capital LLC grew its holdings in shares of GEN Restaurant Group by 3.4% during the 4th quarter. Skylands Capital LLC now owns 243,992 shares of the company’s stock worth $1,825,000 after purchasing an additional 8,092 shares during the period. 10.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GENK has been the topic of a number of recent research reports. Benchmark reduced their price target on shares of GEN Restaurant Group from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Roth Capital set a $10.00 target price on shares of GEN Restaurant Group in a research note on Friday, March 7th.

GEN Restaurant Group Price Performance

GENK stock opened at $4.06 on Thursday. The firm has a market cap of $134.54 million, a P/E ratio of 23.88 and a beta of 1.60. 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 1 year low of $4.00 and a 1 year high of $13.12. The stock has a 50-day simple moving average of $5.37 and a 200-day simple moving average of $7.03.

GEN Restaurant Group (NASDAQ:GENK) last issued its quarterly earnings data on Thursday, March 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. The firm had revenue of $54.65 million during the quarter, compared to analyst estimates of $49.77 million. On average, equities analysts predict that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current fiscal 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.