GEN Restaurant Group, Inc. (NASDAQ:GENK) Sees Large Decrease in Short Interest

GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 132,500 shares, a decline of 5.8% from the October 15th total of 140,600 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,400 shares, the short-interest ratio is currently 4.4 days.

GEN Restaurant Group Stock Performance

GENK stock traded up $0.39 on Monday, hitting $8.68. The company's stock had a trading volume of 85,405 shares, compared to its average volume of 60,043. The company has a current ratio of 0.91, a quick ratio of 1.04 and a debt-to-equity ratio of 0.12. The stock has a market cap of $284.26 million, a price-to-earnings ratio of 49.76 and a beta of 2.12. The firm has a 50 day moving average of $8.52 and a two-hundred day moving average of $9.18. GEN Restaurant Group has a 1 year low of $5.61 and a 1 year high of $14.46.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. The firm 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 period in the prior year, the company earned $0.08 EPS. Equities analysts predict that GEN Restaurant Group will post 0.01 EPS for the current fiscal year.

Institutional Trading of GEN Restaurant Group

Several large investors have recently bought and sold shares of GENK. Apis Capital Advisors LLC bought a new stake in shares of GEN Restaurant Group in the second quarter worth $91,000. Connors Investor Services Inc. acquired a new stake in GEN Restaurant Group in the second quarter worth about $124,000. SkyView Investment Advisors LLC acquired a new stake in GEN Restaurant Group in the second quarter worth about $154,000. Renaissance Technologies LLC raised its position in GEN Restaurant Group by 86.2% in the second quarter. Renaissance Technologies LLC now owns 35,199 shares of the company's stock worth $319,000 after acquiring an additional 16,299 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in GEN Restaurant Group by 5.5% in the third 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 in the last quarter. Institutional investors and hedge funds own 10.22% of the company's stock.

Wall Street Analysts Forecast Growth

GENK has been the subject of several research reports. Roth Mkm lowered their price target on shares of GEN Restaurant Group from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, August 1st. Benchmark reiterated a "buy" rating and issued a $14.00 price objective on shares of GEN Restaurant Group in a research note on Monday.

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.