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

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

GEN Restaurant Group Trading Down 2.3 %

Shares of NASDAQ GENK traded down $0.15 during midday trading on Thursday, hitting $6.35. The stock had a trading volume of 43,086 shares, compared to its average volume of 42,647. 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. The company has a market capitalization of $208.28 million, a price-to-earnings ratio of 37.35 and a beta of 1.95. The company has a fifty day moving average price of $7.59 and a 200 day moving average price of $8.21.

GEN Restaurant Group (NASDAQ:GENK) last released 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. GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. The company had revenue of $49.11 million during the quarter, compared to analyst estimates of $49.90 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. On average, analysts predict that GEN Restaurant Group will post 0.01 earnings per share for the current year.

Insider Activity at GEN Restaurant Group

In other GEN Restaurant Group news, CEO David Wook Jin Kim purchased 4,277 shares of GEN Restaurant Group stock in a transaction on Thursday, December 19th. The shares were bought at an average price of $7.36 per share, with a total value of $31,478.72. Following the purchase, the chief executive officer now directly owns 151,870 shares in the company, valued at $1,117,763.20. This trade represents a 2.90 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have purchased 21,731 shares of company stock valued at $171,740. 61.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GENK. Sanders Morris Harris LLC raised 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 worth $1,628,000 after buying an additional 27,591 shares in the last quarter. Geode Capital Management LLC grew 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 worth $393,000 after purchasing an additional 2,427 shares during the last quarter. Portolan Capital Management LLC raised its holdings 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 worth $3,146,000 after purchasing an additional 6,641 shares in the last quarter. Wasatch Advisors LP lifted its stake in GEN Restaurant Group by 72.7% during the third quarter. Wasatch Advisors LP now owns 838,451 shares of the company’s stock valued at $7,077,000 after purchasing an additional 352,922 shares during the last quarter. Finally, Bard Associates Inc. boosted its holdings in GEN Restaurant Group by 1.7% during the third 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 in the last quarter. 10.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

About GEN Restaurant Group

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.