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

GEN Restaurant Group, Inc. (NASDAQ:GENK) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 325,400 shares, a decrease of 5.0% from the January 15th total of 342,600 shares. Currently, 7.4% of the company’s shares are short sold. Based on an average trading volume of 65,100 shares, the days-to-cover ratio is currently 5.0 days.

Analysts Set New Price Targets

Separately, Benchmark reissued a “buy” rating and set a $14.00 target price on shares of GEN Restaurant Group in a research note on Monday, November 18th.

GEN Restaurant Group Price Performance

NASDAQ GENK opened at $5.39 on Thursday. The business has a 50 day simple moving average of $6.90 and a 200 day simple moving average of $7.94. GEN Restaurant Group has a 52-week low of $5.26 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. The stock has a market cap of $176.79 million, a price-to-earnings ratio of 31.71 and a beta of 1.89.

Insider Activity

In related news, CEO David Wook Jin Kim purchased 4,277 shares of the stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $7.36 per share, with a total value of $31,478.72. Following the purchase, the chief executive officer now directly owns 151,870 shares in the company, valued at $1,117,763.20. The trade was a 2.90 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 61.13% of the stock is currently owned by company insiders.

Institutional Trading of GEN Restaurant Group

Large investors have recently bought and sold shares of the business. 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 acquiring an additional 2,427 shares during the last quarter. Bard Associates Inc. boosted its position in GEN Restaurant Group by 1.7% during the 3rd quarter. Bard Associates Inc. now owns 175,676 shares of the company’s stock worth $1,483,000 after acquiring an additional 2,956 shares during the last quarter. Portolan Capital Management LLC boosted its position in GEN Restaurant Group by 1.8% during the 3rd quarter. Portolan Capital Management LLC now owns 372,759 shares of the company’s stock worth $3,146,000 after acquiring an additional 6,641 shares during the last quarter. Skylands Capital LLC boosted its position in GEN Restaurant Group by 3.4% during the 4th quarter. Skylands Capital LLC now owns 243,992 shares of the company’s stock worth $1,825,000 after acquiring an additional 8,092 shares during the last quarter. Finally, Northern Trust Corp boosted its position in GEN Restaurant Group by 68.3% during the 4th quarter. Northern Trust Corp now owns 25,071 shares of the company’s stock worth $188,000 after acquiring an additional 10,176 shares during the last quarter. 10.22% of the stock is owned by institutional investors.

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.