Wasatch Advisors LP Has $7.38 Million Stake in GEN Restaurant Group, Inc. (NASDAQ:GENK)

Wasatch Advisors LP grew its stake in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK - Free Report) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 986,957 shares of the company's stock after acquiring an additional 148,506 shares during the period. Wasatch Advisors LP owned 3.01% of GEN Restaurant Group worth $7,382,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in GEN Restaurant Group by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 46,496 shares of the company's stock valued at $393,000 after buying an additional 2,427 shares in the last quarter. Skylands Capital LLC grew its stake in shares of 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 acquiring an additional 8,092 shares in the last quarter. Sanders Morris Harris LLC increased its position in 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 acquiring an additional 27,591 shares during the period. Renaissance Technologies LLC raised its stake in GEN Restaurant Group by 235.8% in the 4th quarter. Renaissance Technologies LLC now owns 54,400 shares of the company's stock worth $407,000 after purchasing an additional 38,200 shares in the last quarter. Finally, Diametric Capital LP boosted its holdings in GEN Restaurant Group by 163.7% in the 4th quarter. Diametric Capital LP now owns 67,933 shares of the company's stock valued at $508,000 after purchasing an additional 42,175 shares during the period. Institutional investors own 10.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on GENK shares. Benchmark lowered their target price on shares of GEN Restaurant Group from $14.00 to $11.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Roth Capital set a $10.00 target price on GEN Restaurant Group in a report on Friday, March 7th.

GEN Restaurant Group Price Performance

GENK traded up $0.17 during trading on Tuesday, hitting $4.26. 3,144 shares of the stock traded hands, compared to its average volume of 65,330. GEN Restaurant Group, Inc. has a twelve month low of $3.99 and a twelve month high of $13.12. The business has a 50 day moving average price of $5.28 and a 200 day moving average price of $6.93. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.87. The company has a market cap of $141.16 million, a price-to-earnings ratio of 25.15 and a beta of 1.60.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. The business had revenue of $54.65 million during the quarter, compared to analyst estimates of $49.77 million. Equities research analysts forecast that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current fiscal year.

GEN Restaurant Group 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.