Wasatch Advisors LP Purchases 148,506 Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK)

Wasatch Advisors LP lifted its holdings in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 986,957 shares of the company's stock after buying an additional 148,506 shares during the period. Wasatch Advisors LP owned 3.01% of GEN Restaurant Group worth $7,382,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings 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 acquiring an additional 2,427 shares during the period. Sanders Morris Harris LLC increased its holdings 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 valued at $1,628,000 after buying an additional 27,591 shares in the last quarter. Skylands Capital LLC lifted its holdings 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 during the last quarter. Diametric Capital LP increased its stake in GEN Restaurant Group by 163.7% in the 4th quarter. Diametric Capital LP now owns 67,933 shares of the company's stock worth $508,000 after purchasing an additional 42,175 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in GEN Restaurant Group by 235.8% during the 4th quarter. Renaissance Technologies LLC now owns 54,400 shares of the company's stock worth $407,000 after buying an additional 38,200 shares during the period. Institutional investors and hedge funds own 10.22% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Roth Capital set a $10.00 target price on shares of GEN Restaurant Group in a research report on Friday, March 7th. Benchmark lowered their price objective on shares of GEN Restaurant Group from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Friday, March 7th.

GEN Restaurant Group Stock Down 4.5 %

Shares of NASDAQ GENK traded down $0.19 during mid-day trading on Monday, reaching $4.06. The company had a trading volume of 38,612 shares, compared to its average volume of 65,567. The stock has a fifty day moving average of $5.31 and a two-hundred day moving average of $6.96. GEN Restaurant Group, Inc. has a 12-month low of $3.99 and a 12-month high of $13.12. The company has a market capitalization of $134.54 million, a price-to-earnings ratio of 23.88 and a beta of 1.60. 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 earnings results on Thursday, March 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. The company had revenue of $54.65 million for the quarter, compared to analyst estimates of $49.77 million. As a group, equities research analysts expect that GEN Restaurant Group, Inc. will post 0.01 EPS for the current 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.