GEN Restaurant Group (NASDAQ:GENK) Given New $11.00 Price Target at Benchmark

GEN Restaurant Group (NASDAQ:GENK) had its target price reduced by Benchmark from $14.00 to $11.00 in a report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

GEN Restaurant Group Stock Performance

GENK opened at $6.25 on Friday. The firm has a market cap of $205 million, a P/E ratio of 36.76 and a beta of 1.89. The business’s fifty day moving average is $6.43 and its 200-day moving average is $7.74. GEN Restaurant Group has a 52-week low of $5.00 and a 52-week high of $14.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.91.

GEN Restaurant Group (NASDAQ:GENK) last released 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). The firm had revenue of $54.65 million during the quarter, compared to the consensus estimate of $49.77 million. GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. Sell-side analysts expect that GEN Restaurant Group will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling at GEN Restaurant Group

In other GEN Restaurant Group news, CEO David Wook Jin Kim acquired 12,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average cost of $8.09 per share, for a total transaction of $101,125.00. Following the transaction, the chief executive officer now directly owns 147,593 shares in the company, valued at $1,194,027.37. This represents a 9.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 61.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GENK. Wasatch Advisors LP lifted its holdings in shares of GEN Restaurant Group by 17.7% in the fourth quarter. Wasatch Advisors LP now owns 986,957 shares of the company’s stock worth $7,382,000 after acquiring an additional 148,506 shares during the last quarter. Portolan Capital Management LLC lifted 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 purchasing an additional 6,641 shares during the last quarter. Skylands Capital LLC boosted its position in GEN Restaurant Group by 3.4% in the fourth quarter. Skylands Capital LLC now owns 243,992 shares of the company’s stock valued at $1,825,000 after buying an additional 8,092 shares in the last quarter. Sanders Morris Harris LLC grew its stake in shares of GEN Restaurant Group by 14.3% during the fourth quarter. Sanders Morris Harris LLC now owns 219,990 shares of the company’s stock worth $1,628,000 after buying an additional 27,591 shares during the last quarter. Finally, Bard Associates Inc. increased its holdings in shares of GEN Restaurant Group by 1.7% during the third quarter. Bard Associates Inc. now owns 175,676 shares of the company’s stock worth $1,483,000 after buying an additional 2,956 shares in the last quarter. Institutional investors 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.