GEN Restaurant Group, Inc. (NASDAQ:GENK) Short Interest Up 48.5% in March

GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 479,300 shares, a growth of 48.5% from the February 28th total of 322,800 shares. Based on an average trading volume of 105,700 shares, the days-to-cover ratio is currently 4.5 days. Currently, 9.9% of the company's shares are sold short.

GEN Restaurant Group Stock Down 13.2 %

Shares of GENK traded down $0.72 during midday trading on Thursday, reaching $4.75. 172,877 shares of the company were exchanged, compared to its average volume of 66,184. GEN Restaurant Group has a 1-year low of $4.72 and a 1-year high of $13.12. The stock has a 50-day moving average price of $5.82 and a 200-day moving average price of $7.33. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12. The company has a market cap of $157.40 million, a price-to-earnings ratio of 27.94 and a beta of 1.89.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). GEN Restaurant Group had a return on equity of 1.83% and a net margin of 0.39%. The company had revenue of $54.65 million for the quarter, compared to analyst estimates of $49.77 million. Research analysts expect that GEN Restaurant Group will post 0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

GENK has been the topic of several research analyst reports. Benchmark reduced their price objective on GEN Restaurant Group from $14.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Roth Capital set a $10.00 price target on shares of GEN Restaurant Group in a research report on Friday, March 7th.

Institutional Investors Weigh In On GEN Restaurant Group

A number of large investors have recently added to or reduced their stakes in the company. Wealthedge Investment Advisors LLC purchased a new position in GEN Restaurant Group in the 4th quarter valued at about $143,000. Northern Trust Corp lifted its stake in shares of GEN Restaurant Group by 68.3% in the fourth quarter. Northern Trust Corp now owns 25,071 shares of the company's stock worth $188,000 after acquiring an additional 10,176 shares in the last quarter. Wasatch Advisors LP boosted its holdings in GEN Restaurant Group by 17.7% in the fourth quarter. Wasatch Advisors LP now owns 986,957 shares of the company's stock valued at $7,382,000 after purchasing an additional 148,506 shares during the last quarter. Renaissance Technologies LLC grew its stake in GEN Restaurant Group by 235.8% during 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. Finally, Diametric Capital LP grew its stake in GEN Restaurant Group by 163.7% during the 4th quarter. Diametric Capital LP now owns 67,933 shares of the company's stock valued at $508,000 after purchasing an additional 42,175 shares in the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.

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.