GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report) CEO David Wook Jin Kim acquired 3,954 shares of the business's stock in a transaction on Thursday, November 21st. The stock was purchased at an average cost of $7.90 per share, with a total value of $31,236.60. Following the acquisition, the chief executive officer now directly owns 135,093 shares of the company's stock, valued at $1,067,234.70. This represents a 3.02 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
David Wook Jin Kim also recently made the following trade(s):
- On Tuesday, November 19th, David Wook Jin Kim bought 1,000 shares of GEN Restaurant Group stock. The shares were acquired at an average price of $7.90 per share, for a total transaction of $7,900.00.
GEN Restaurant Group Price Performance
Shares of GENK opened at $8.15 on Tuesday. The company has a market cap of $267.32 million, a P/E ratio of 47.94 and a beta of 2.12. The firm's 50 day moving average price is $8.52 and its 200 day moving average price is $9.11. GEN Restaurant Group, Inc. has a fifty-two week low of $5.61 and a fifty-two week high of $14.46. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.12.
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GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $49.11 million during the quarter, compared to the consensus estimate of $49.90 million. During the same period in the previous year, the business earned $0.08 EPS. On average, research analysts forecast that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Benchmark reiterated a "buy" rating and set a $14.00 price target on shares of GEN Restaurant Group in a research report on Monday, November 18th. Roth Mkm decreased their price objective 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.
View Our Latest Analysis on GEN Restaurant Group
Institutional Trading of GEN Restaurant Group
Hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors LP grew its holdings in GEN Restaurant Group by 72.7% during the third quarter. Wasatch Advisors LP now owns 838,451 shares of the company's stock worth $7,077,000 after acquiring an additional 352,922 shares during the period. Portolan Capital Management LLC increased its position in shares of GEN Restaurant Group by 1.8% in the third quarter. Portolan Capital Management LLC now owns 372,759 shares of the company's stock valued at $3,146,000 after buying an additional 6,641 shares in the last quarter. Skylands Capital LLC raised its position in GEN Restaurant Group by 19.6% during the second quarter. Skylands Capital LLC now owns 176,360 shares of the company's stock worth $1,598,000 after acquiring an additional 28,960 shares during the last quarter. Bard Associates Inc. lifted its stake in GEN Restaurant Group by 1.7% in the 3rd quarter. Bard Associates Inc. now owns 175,676 shares of the company's stock valued at $1,483,000 after buying an additional 2,956 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of GEN Restaurant Group by 487.8% during the first quarter. Vanguard Group Inc. now owns 164,574 shares of the company's stock valued at $1,922,000 after acquiring an additional 136,578 shares during the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.
GEN Restaurant Group Company Profile
(
Get Free Report)
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.
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