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. Currently, 3.1% of the shares of the stock are short sold. Based on an average trading volume of 30,400 shares, the short-interest ratio is currently 4.4 days.

Analysts Set New Price Targets

GENK has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $14.00 price objective on shares of GEN Restaurant Group in a research note on Monday. Roth Mkm decreased their price target on GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st.

GEN Restaurant Group Trading Up 4.7 %

GENK opened at $8.68 on Tuesday. The company has a market cap of $284.27 million, a P/E ratio of 51.06 and a beta of 2.12. 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’s 50 day moving average is $8.52 and its 200-day moving average is $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) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $49.11 million during 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 quarter in the prior year, the firm earned $0.08 EPS. Equities research analysts predict that GEN Restaurant Group will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GEN Restaurant Group

Several hedge funds have recently modified their holdings of the company. Apis Capital Advisors LLC bought a new position in GEN Restaurant Group in the second quarter valued at about $91,000. Connors Investor Services Inc. acquired a new position in shares of GEN Restaurant Group in the second quarter valued at approximately $124,000. SkyView Investment Advisors LLC acquired a new position in shares of GEN Restaurant Group in the second quarter valued at approximately $154,000. Renaissance Technologies LLC raised its holdings 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 buying an additional 16,299 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in 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 buying an additional 2,427 shares during the period. Institutional investors and hedge funds own 10.22% of the company’s stock.

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.