Short Interest in GEN Restaurant Group, Inc. (NASDAQ:GENK) Drops By 5.8%

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. Currently, 3.1% of the company’s shares are short sold. Based on an average daily volume of 30,400 shares, the short-interest ratio is presently 4.4 days.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Benchmark reiterated a “buy” rating and issued a $14.00 price target on shares of GEN Restaurant Group in a research report on Monday. Roth Mkm reduced their target price on 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 Investors Weigh In On GEN Restaurant Group

A number of hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in shares of 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 buying an additional 2,427 shares during the period. Portolan Capital Management LLC boosted its stake in GEN Restaurant Group by 1.8% during the third 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. Wasatch Advisors LP grew its holdings in GEN Restaurant Group by 72.7% in the third 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 during the period. Bard Associates Inc. grew its holdings in GEN Restaurant Group by 1.7% in the third quarter. Bard Associates Inc. now owns 175,676 shares of the company’s stock worth $1,483,000 after purchasing an additional 2,956 shares during the period. Finally, SkyView Investment Advisors LLC bought a new stake in GEN Restaurant Group in the second quarter valued at $154,000. 10.22% of the stock is currently owned by institutional investors.

GEN Restaurant Group Price Performance

Shares of NASDAQ GENK opened at $8.68 on Tuesday. The company has a market capitalization of $284.27 million, a PE ratio of 51.06 and a beta of 2.12. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. GEN Restaurant Group has a twelve month low of $5.61 and a twelve month high of $14.46. The firm has a fifty day simple moving average of $8.52 and a 200 day simple moving average of $9.18.

GEN Restaurant Group (NASDAQ:GENK) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. GEN Restaurant Group had a return on equity of 1.83% and a net margin of 0.39%. The firm had revenue of $49.11 million during the quarter, compared to analyst estimates of $49.90 million. During the same period last year, the company posted $0.08 EPS. On average, sell-side analysts forecast that GEN Restaurant Group will post 0.01 EPS 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.