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

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on GENK shares. Benchmark reaffirmed a “buy” rating and set a $14.00 price target on shares of GEN Restaurant Group in a research note on Monday. Roth Mkm decreased their target price on shares of GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, August 1st.

Hedge Funds Weigh In On GEN Restaurant Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Apis Capital Advisors LLC acquired a new stake in GEN Restaurant Group during the 2nd quarter valued at $91,000. Connors Investor Services Inc. acquired a new stake in GEN Restaurant Group during the 2nd quarter valued at $124,000. SkyView Investment Advisors LLC acquired a new stake in GEN Restaurant Group during the 2nd quarter valued at $154,000. Renaissance Technologies LLC lifted its holdings in GEN Restaurant Group by 86.2% during 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. Finally, Geode Capital Management LLC lifted its holdings 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 valued at $393,000 after purchasing an additional 2,427 shares during the last quarter. 10.22% of the stock is owned by institutional investors.

GEN Restaurant Group Price Performance

NASDAQ:GENK opened at $8.21 on Wednesday. GEN Restaurant Group has a 1-year low of $5.61 and a 1-year high of $14.46. 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 firm has a fifty day simple moving average of $8.54 and a 200 day simple moving average of $9.16. The stock has a market capitalization of $268.88 million, a PE ratio of 48.29 and a beta of 2.12.

GEN Restaurant Group (NASDAQ:GENK) last released its earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share 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 period last year, the business earned $0.08 earnings per share. On average, research analysts expect that GEN Restaurant Group will post 0.01 EPS for the current fiscal 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.