Wasatch Advisors LP Buys 352,922 Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK)

Wasatch Advisors LP raised its stake in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK - Free Report) by 72.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 838,451 shares of the company's stock after purchasing an additional 352,922 shares during the period. Wasatch Advisors LP owned 2.56% of GEN Restaurant Group worth $7,077,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bard Associates Inc. grew its position in shares of GEN Restaurant Group by 1.7% in the third quarter. Bard Associates Inc. now owns 175,676 shares of the company's stock valued at $1,483,000 after purchasing an additional 2,956 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in GEN Restaurant Group during the 2nd quarter valued at approximately $154,000. Apis Capital Advisors LLC acquired a new stake in GEN Restaurant Group in the 2nd quarter valued at approximately $91,000. Herr Investment Group LLC bought a new position in GEN Restaurant Group in the 2nd quarter worth approximately $738,000. Finally, Resolute Capital Asset Partners LLC lifted its holdings in shares of GEN Restaurant Group by 645.2% during the second quarter. Resolute Capital Asset Partners LLC now owns 74,520 shares of the company's stock worth $675,000 after buying an additional 64,520 shares during the last quarter. Institutional investors own 10.22% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a "buy" rating and issued a $14.00 price objective on shares of GEN Restaurant Group in a research note on Monday, November 18th.

Insider Activity at GEN Restaurant Group

In other GEN Restaurant Group news, CEO David Wook Jin Kim acquired 3,954 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was 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 owns 135,093 shares of the company's stock, valued at $1,067,234.70. This trade represents a 3.02 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 61.13% of the stock is owned by corporate insiders.

GEN Restaurant Group Stock Performance

Shares of GENK traded up $0.26 during trading hours on Friday, reaching $8.48. 18,288 shares of the company traded hands, compared to its average volume of 77,851. The stock has a market cap of $278.14 million, a P/E ratio of 49.88 and a beta of 2.12. GEN Restaurant Group, Inc. has a 1-year low of $5.61 and a 1-year high of $14.46. The stock's fifty day moving average is $8.50 and its 200 day moving average is $9.03. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The firm had revenue of $49.11 million during 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 company earned $0.08 earnings per share. Equities research analysts anticipate that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current fiscal year.

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.