Short Interest in GEN Restaurant Group, Inc. (NASDAQ:GENK) Grows By 5.5%

GEN Restaurant Group, Inc. (NASDAQ:GENK) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 139,800 shares, an increase of 5.5% from the October 31st total of 132,500 shares. Based on an average trading volume of 45,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 3.2% of the company’s shares are short sold.

GEN Restaurant Group Stock Down 0.2 %

GENK traded down $0.02 during trading on Tuesday, hitting $8.70. The company had a trading volume of 22,221 shares, compared to its average volume of 60,350. The company has a market capitalization of $285.36 million, a PE ratio of 51.29 and a beta of 1.95. 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 one year low of $5.61 and a one year high of $14.46. The firm’s 50-day moving average price is $8.52 and its 200 day moving average price is $8.99.

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, topping the consensus estimate of ($0.01) by $0.02. The company 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 in the prior year, the firm earned $0.08 earnings per share. As a group, equities analysts expect that GEN Restaurant Group will post 0.01 earnings per share for the current year.

Insider Buying and Selling at GEN Restaurant Group

In other news, CEO David Wook Jin Kim purchased 3,954 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average cost of $7.90 per share, for a total transaction of $31,236.60. Following the transaction, the chief executive officer now directly owns 135,093 shares of the company’s stock, valued at approximately $1,067,234.70. The trade was a 3.02 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 61.13% of the company’s stock.

Hedge Funds Weigh In On GEN Restaurant Group

A number of large investors have recently modified their holdings of the business. Apis Capital Advisors LLC acquired a new position in GEN Restaurant Group during the second quarter worth $91,000. Connors Investor Services Inc. acquired a new stake in GEN Restaurant Group in the 2nd quarter valued at about $124,000. SkyView Investment Advisors LLC bought a new position in GEN Restaurant Group during the second quarter worth about $154,000. Renaissance Technologies LLC raised its stake in GEN Restaurant Group by 86.2% in the second quarter. Renaissance Technologies LLC now owns 35,199 shares of the company’s stock valued at $319,000 after buying an additional 16,299 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of 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 buying an additional 2,427 shares during the last quarter. 10.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “buy” rating and set a $14.00 price objective on shares of GEN Restaurant Group in a research note 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.