GEN Restaurant Group, Inc. (NASDAQ:GENK) Short Interest Update

GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 298,600 shares, a growth of 141.6% from the December 15th total of 123,600 shares. Based on an average trading volume of 54,000 shares, the short-interest ratio is currently 5.5 days. Currently, 6.8% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a "buy" rating and set a $14.00 price target on shares of GEN Restaurant Group in a report on Monday, November 18th.

Insider Activity

In other GEN Restaurant Group news, CEO David Wook Jin Kim acquired 12,500 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average price of $8.09 per share, for a total transaction of $101,125.00. Following the completion of the acquisition, the chief executive officer now owns 147,593 shares of the company's stock, valued at approximately $1,194,027.37. This trade represents a 9.25 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have purchased 21,731 shares of company stock valued at $171,740. Company insiders own 61.13% of the company's stock.

Institutional Trading of GEN Restaurant Group

Several institutional investors and hedge funds have recently bought and sold shares of GENK. Wasatch Advisors LP raised its position in GEN Restaurant Group by 72.7% in the 3rd quarter. Wasatch Advisors LP now owns 838,451 shares of the company's stock valued at $7,077,000 after purchasing an additional 352,922 shares during the last quarter. Herr Investment Group LLC purchased a new stake in GEN Restaurant Group in the 2nd quarter valued at $738,000. Resolute Capital Asset Partners LLC raised its position in GEN Restaurant Group by 645.2% in the 2nd quarter. Resolute Capital Asset Partners LLC now owns 74,520 shares of the company's stock valued at $675,000 after purchasing an additional 64,520 shares during the last quarter. SkyView Investment Advisors LLC purchased a new stake in GEN Restaurant Group in the 2nd quarter valued at $154,000. Finally, Renaissance Technologies LLC raised its position in GEN Restaurant Group by 86.2% in the 2nd quarter. Renaissance Technologies LLC now owns 35,199 shares of the company's stock valued at $319,000 after purchasing an additional 16,299 shares during the last quarter. Hedge funds and other institutional investors own 10.22% of the company's stock.

GEN Restaurant Group Stock Down 0.5 %

Shares of GEN Restaurant Group stock traded down $0.04 during trading hours on Tuesday, hitting $7.27. The company had a trading volume of 20,118 shares, compared to its average volume of 40,140. The company's 50-day moving average is $8.09 and its two-hundred day moving average is $8.35. GEN Restaurant Group has a twelve month low of $5.61 and a twelve month high of $14.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market cap of $238.46 million, a P/E ratio of 42.76 and a beta of 1.95.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. The business had revenue of $49.11 million during the quarter, compared to analysts' expectations of $49.90 million. During the same quarter in the prior year, the business posted $0.08 EPS. Analysts anticipate that GEN Restaurant Group 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.