GEN Restaurant Group, Inc. (NASDAQ:GENK) Short Interest Down 14.3% in January

GEN Restaurant Group, Inc. (NASDAQ:GENK) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 600,161 shares, a drop of 14.3% from the December 31st total of 700,342 shares. Based on an average daily trading volume, of 68,226 shares, the short-interest ratio is currently 8.8 days. Currently, 4.5% of the shares of the stock are short sold. Currently, 4.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 68,226 shares, the short-interest ratio is currently 8.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GENK. XTX Topco Ltd bought a new stake in shares of GEN Restaurant Group in the 2nd quarter valued at $49,000. Quadrature Capital Ltd acquired a new position in GEN Restaurant Group in the second quarter valued at $191,000. Jones Financial Companies Lllp boosted its position in GEN Restaurant Group by 1,376,466.7% during the first quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company’s stock valued at $228,000 after acquiring an additional 41,294 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in GEN Restaurant Group by 29.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company’s stock worth $296,000 after acquiring an additional 12,296 shares during the period. Finally, Sanders Morris Harris LLC raised its position in shares of GEN Restaurant Group by 35.3% in the 2nd quarter. Sanders Morris Harris LLC now owns 269,992 shares of the company’s stock worth $1,053,000 after acquiring an additional 70,502 shares in the last quarter. Institutional investors and hedge funds own 10.22% of the company’s stock.

GEN Restaurant Group Trading Up 1.9%

NASDAQ:GENK traded up $0.04 during trading hours on Tuesday, hitting $2.07. 2,783 shares of the company were exchanged, compared to its average volume of 52,745. The stock has a market capitalization of $68.15 million, a price-to-earnings ratio of -7.96 and a beta of 1.47. GEN Restaurant Group has a one year low of $2.02 and a one year high of $7.41. The company has a fifty day simple moving average of $2.35 and a 200 day simple moving average of $2.89. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.16.

GEN Restaurant Group (NASDAQ:GENK) last issued its quarterly earnings results on Friday, November 7th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $50.42 million during the quarter, compared to analysts’ expectations of $54.25 million. GEN Restaurant Group had a positive return on equity of 0.51% and a negative net margin of 0.61%. Sell-side analysts expect that GEN Restaurant Group will post 0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GENK shares. Roth Mkm dropped their price target on GEN Restaurant Group from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, December 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of GEN Restaurant Group in a research report on Thursday, January 22nd. Finally, Benchmark restated a “buy” rating on shares of GEN Restaurant Group in a report on Monday, November 10th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.50.

About GEN Restaurant Group

GEN Restaurant Group, Inc, operating as Gen Korean BBQ House, is a restaurant operator specializing in an all-you-can-eat Korean barbecue dining concept. The company offers patrons a hands-on grilling experience with a selection of premium meats, seafood, and vegetables cooked tableside, alongside traditional Korean side dishes and beverages. Gen Korean BBQ House locations feature modern décor and a fast-casual service style designed to appeal to a broad demographic of consumers seeking experiential dining.

The company’s restaurants serve a core menu of marinated and non-marinated proteins, including beef, pork, chicken and plant-based alternatives, complemented by signature banchan (side dishes), sauces and dessert offerings.