Short Interest in GEN Restaurant Group, Inc. (NASDAQ:GENK) Rises By 48.5%

GEN Restaurant Group, Inc. (NASDAQ:GENK) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 479,300 shares, a growth of 48.5% from the February 28th total of 322,800 shares. Based on an average daily volume of 105,700 shares, the short-interest ratio is currently 4.5 days. Approximately 9.9% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GENK. Roth Capital set a $10.00 price objective on GEN Restaurant Group in a research note on Friday, March 7th. Benchmark reduced their target price on shares of GEN Restaurant Group from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, March 7th.

GEN Restaurant Group Price Performance

GENK stock traded down $0.20 during trading on Friday, reaching $5.58. The company’s stock had a trading volume of 41,916 shares, compared to its average volume of 67,195. The company’s fifty day moving average is $5.95 and its 200-day moving average is $7.41. GEN Restaurant Group has a 1 year low of $5.00 and a 1 year high of $14.46. The company has a market capitalization of $184.90 million, a P/E ratio of 32.82 and a beta of 1.89. 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 (NASDAQ:GENK) last released its earnings results 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 return on equity of 1.83% and a net margin of 0.39%. The business had revenue of $54.65 million for the quarter, compared to analysts’ expectations of $49.77 million. On average, research analysts expect that GEN Restaurant Group will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GEN Restaurant Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP boosted its position in shares of GEN Restaurant Group by 72.7% during the third quarter. Wasatch Advisors LP now owns 838,451 shares of the company’s stock worth $7,077,000 after acquiring an additional 352,922 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of GEN Restaurant Group by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 46,496 shares of the company’s stock valued at $393,000 after purchasing an additional 2,427 shares during the last quarter. Skylands Capital LLC grew its position in shares of GEN Restaurant Group by 3.4% during the fourth quarter. Skylands Capital LLC now owns 243,992 shares of the company’s stock valued at $1,825,000 after purchasing an additional 8,092 shares in the last quarter. Portolan Capital Management LLC increased its holdings in shares of GEN Restaurant Group by 1.8% in the third 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 during the last quarter. Finally, Sanders Morris Harris LLC lifted its position in shares of GEN Restaurant Group by 14.3% in the fourth 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. Institutional investors own 10.22% of the company’s stock.

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.