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

GEN Restaurant Group, Inc. (NASDAQ:GENK) was the target of a large drop in short interest during the month of 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 shares are sold short. Based on an average trading volume of 30,400 shares, the days-to-cover ratio is presently 4.4 days.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their target price on shares of GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, August 1st.

Institutional Trading of GEN Restaurant Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of GEN Restaurant Group by 5.5% during the third 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 in 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 grew its stake in shares of 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 in the last quarter. Apis Capital Advisors LLC acquired a new stake in shares of GEN Restaurant Group in the second quarter valued at approximately $91,000. Finally, Connors Investor Services Inc. bought a new stake in shares of GEN Restaurant Group in the second quarter worth $124,000. Institutional investors and hedge funds own 10.22% of the company’s stock.

GEN Restaurant Group Stock Up 0.5 %

Shares of GEN Restaurant Group stock opened at $8.29 on Monday. The company has a market capitalization of $271.49 million, a P/E ratio of 48.76 and a beta of 2.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 1.04. The business has a 50-day moving average of $8.52 and a two-hundred day moving average of $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 released its quarterly 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. The company had revenue of $49.11 million during the quarter, compared to analysts’ expectations 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 company earned $0.08 earnings per share. As a group, equities analysts predict that GEN Restaurant Group will post 0.01 EPS for the current year.

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.