David Wook Jin Kim Purchases 4,277 Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) Stock

GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO David Wook Jin Kim purchased 4,277 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $7.36 per share, with a total value of $31,478.72. Following the acquisition, the chief executive officer now directly owns 151,870 shares in the company, valued at $1,117,763.20. This represents a 2.90 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Wook Jin Kim also recently made the following trade(s):

• On Monday, December 16th, David Wook Jin Kim bought 12,500 shares of GEN Restaurant Group stock. The shares were purchased at an average price of $8.09 per share, with a total value of $101,125.00.
• On Thursday, November 21st, David Wook Jin Kim purchased 3,954 shares of GEN Restaurant Group stock. The stock was acquired at an average price of $7.90 per share, for a total transaction of $31,236.60.
• On Tuesday, November 19th, David Wook Jin Kim acquired 1,000 shares of GEN Restaurant Group stock. The shares were acquired at an average price of $7.90 per share, with a total value of $7,900.00.

GEN Restaurant Group Stock Performance

NASDAQ GENK opened at $7.53 on Friday. The business’s 50 day moving average price is $8.46 and its 200-day moving average price is $8.67. GEN Restaurant Group, Inc. has a fifty-two week low of $5.61 and a fifty-two week high of $14.46. The company has a market cap of $246.98 million, a P/E ratio of 44.29 and a beta of 1.93. 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 (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 for the quarter, compared to analysts’ expectations of $49.90 million. GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. During the same quarter in the previous year, the business posted $0.08 earnings per share. Sell-side analysts predict that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of GEN Restaurant Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC bought a new position in shares of GEN Restaurant Group during the second quarter valued at approximately $154,000. Resolute Capital Asset Partners LLC boosted its holdings in GEN Restaurant Group by 645.2% during the 2nd quarter. Resolute Capital Asset Partners LLC now owns 74,520 shares of the company’s stock valued at $675,000 after acquiring an additional 64,520 shares during the period. Wasatch Advisors LP grew its position in 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 acquiring an additional 352,922 shares during the last quarter. Herr Investment Group LLC bought a new stake in shares of GEN Restaurant Group during the second quarter worth $738,000. Finally, Renaissance Technologies LLC lifted its position in shares of GEN Restaurant Group by 86.2% during the second quarter. Renaissance Technologies LLC now owns 35,199 shares of the company’s stock worth $319,000 after purchasing an additional 16,299 shares during the last quarter. 10.22% of the stock is owned by hedge funds and other institutional investors.

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.