GEN Restaurant Group (NASDAQ:GENK) Given New $11.00 Price Target at Benchmark

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) had its target price dropped by Benchmark from $14.00 to $11.00 in a report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Benchmark's target price would suggest a potential upside of 98.92% from the stock's current price.

GEN Restaurant Group Price Performance

GENK traded down $0.14 during trading on Friday, hitting $5.53. The company's stock had a trading volume of 121,123 shares, compared to its average volume of 72,090. The firm has a market capitalization of $181.38 million, a price-to-earnings ratio of 32.53 and a beta of 1.89. GEN Restaurant Group has a twelve month low of $5.00 and a twelve month high of $14.46. The business's fifty day simple moving average is $6.38 and its 200 day simple moving average is $7.68. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $54.65 million during the quarter, compared to analysts' expectations of $49.77 million. On average, equities research analysts forecast that GEN Restaurant Group will post 0.01 EPS for the current fiscal year.

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Insider Transactions at GEN Restaurant Group

In related news, CEO David Wook Jin Kim acquired 4,277 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $7.36 per share, for a total transaction of $31,478.72. Following the acquisition, the chief executive officer now owns 151,870 shares in the company, valued at $1,117,763.20. The trade was a 2.90 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 61.13% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp boosted its position in GEN Restaurant Group by 68.3% in the 4th quarter. Northern Trust Corp now owns 25,071 shares of the company's stock valued at $188,000 after buying an additional 10,176 shares during the period. Geode Capital Management LLC raised its position in GEN Restaurant Group by 5.5% in 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 in the last quarter. Renaissance Technologies LLC raised its position in GEN Restaurant Group by 235.8% in the 4th quarter. Renaissance Technologies LLC now owns 54,400 shares of the company's stock valued at $407,000 after purchasing an additional 38,200 shares in the last quarter. Diametric Capital LP grew its position in shares of GEN Restaurant Group by 163.7% during the fourth quarter. Diametric Capital LP now owns 67,933 shares of the company's stock worth $508,000 after buying an additional 42,175 shares in the last quarter. Finally, Bard Associates Inc. increased its stake in shares of GEN Restaurant Group by 1.7% during the third quarter. Bard Associates Inc. now owns 175,676 shares of the company's stock worth $1,483,000 after buying an additional 2,956 shares during the period. 10.22% of the stock is currently owned by hedge funds and other institutional investors.

About GEN Restaurant Group

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.