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

GEN Restaurant Group, Inc. (NASDAQ:GENK) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 132,500 shares, a decrease of 5.8% from the October 15th total of 140,600 shares. Based on an average daily volume of 30,400 shares, the short-interest ratio is presently 4.4 days. Currently, 3.1% of the company’s shares are sold short.

Institutional Trading of GEN Restaurant Group

Hedge funds have recently bought and sold shares of the stock. Apis Capital Advisors LLC acquired a new stake in GEN Restaurant Group during the 2nd quarter worth approximately $91,000. Connors Investor Services Inc. bought a new position in shares of GEN Restaurant Group during the 2nd quarter worth approximately $124,000. SkyView Investment Advisors LLC bought a new position in shares of GEN Restaurant Group during the 2nd quarter worth approximately $154,000. Renaissance Technologies LLC grew its stake in shares of GEN Restaurant Group by 86.2% during the 2nd 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 grew its stake in shares of GEN Restaurant Group by 5.5% during 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 in the last quarter. 10.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GENK. Benchmark reiterated a “buy” rating and issued a $14.00 price target on shares of GEN Restaurant Group in a research report on Monday. Roth Mkm cut their price target on shares of GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st.

GEN Restaurant Group Stock Performance

Shares of NASDAQ:GENK opened at $8.21 on Wednesday. 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 capitalization of $268.88 million, a price-to-earnings ratio of 48.29 and a beta of 2.12. The firm’s 50 day simple moving average is $8.54 and its 200 day simple moving average is $9.16. GEN Restaurant Group has a fifty-two week low of $5.61 and a fifty-two week high of $14.46.

GEN Restaurant Group (NASDAQ:GENK) last announced its earnings results on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $49.11 million for the quarter, compared to the consensus estimate 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 last year, the company posted $0.08 EPS. As a group, sell-side analysts forecast that GEN Restaurant Group will post 0.01 earnings per share for the current year.

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.