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

GEN Restaurant Group, Inc. (NASDAQ:GENK) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 479,300 shares, an increase 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. Approximately 9.9% of the company’s shares are short sold.

Hedge Funds Weigh In On GEN Restaurant Group

Hedge funds have recently modified their holdings of the stock. Wasatch Advisors LP raised its stake in shares of GEN Restaurant Group by 72.7% during the 3rd quarter. Wasatch Advisors LP now owns 838,451 shares of the company’s stock worth $7,077,000 after purchasing an additional 352,922 shares in the last quarter. Portolan Capital Management LLC raised its stake in GEN Restaurant Group by 1.8% in the 3rd quarter. Portolan Capital Management LLC now owns 372,759 shares of the company’s stock valued at $3,146,000 after acquiring an additional 6,641 shares during the period. Geode Capital Management LLC raised its position in shares of GEN Restaurant Group by 5.5% in the third 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 period. Sanders Morris Harris LLC increased its position in shares of GEN Restaurant Group by 14.3% in the fourth quarter. Sanders Morris Harris LLC now owns 219,990 shares of the company’s stock worth $1,628,000 after purchasing an additional 27,591 shares during the period. Finally, Skylands Capital LLC lifted its position in GEN Restaurant Group by 3.4% during the fourth quarter. Skylands Capital LLC now owns 243,992 shares of the company’s stock worth $1,825,000 after purchasing an additional 8,092 shares during the period. Institutional investors own 10.22% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on GENK shares. Benchmark decreased their price target on GEN Restaurant Group from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Roth Capital set a $10.00 price target on GEN Restaurant Group in a research report on Friday, March 7th.

GEN Restaurant Group Stock Down 1.1 %

NASDAQ:GENK traded down $0.06 during trading hours on Monday, reaching $5.52. 57,580 shares of the stock were exchanged, compared to its average volume of 67,157. The stock has a market cap of $182.92 million, a PE ratio of 32.47 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 firm has a 50 day moving average of $5.95 and a 200 day moving average of $7.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.87.

GEN Restaurant Group (NASDAQ:GENK) last announced its 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 business had revenue of $54.65 million for the quarter, compared to analyst estimates of $49.77 million. On average, equities analysts expect 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.