Portolan Capital Management LLC Sells 88,985 Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK)

Portolan Capital Management LLC lessened its holdings in GEN Restaurant Group, Inc. (NASDAQ:GENK - Free Report) by 23.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 283,774 shares of the company's stock after selling 88,985 shares during the quarter. Portolan Capital Management LLC owned approximately 0.87% of GEN Restaurant Group worth $2,123,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GENK. Geode Capital Management LLC grew its stake 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 purchasing an additional 2,427 shares during the period. Sanders Morris Harris LLC increased its stake in shares of GEN Restaurant Group by 14.3% in the 4th quarter. Sanders Morris Harris LLC now owns 219,990 shares of the company's stock valued at $1,628,000 after acquiring an additional 27,591 shares during the last quarter. Skylands Capital LLC raised its position in shares of GEN Restaurant Group by 3.4% in the 4th 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 during the period. Diametric Capital LP raised its position in shares of 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 acquiring an additional 42,175 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in GEN Restaurant Group by 235.8% during the 4th quarter. Renaissance Technologies LLC now owns 54,400 shares of the company's stock worth $407,000 after acquiring an additional 38,200 shares during the last quarter. Institutional investors own 10.22% of the company's stock.

Analyst Upgrades and Downgrades

GENK has been the topic of several analyst reports. Roth Capital set a $10.00 target price on shares of GEN Restaurant Group in a report on Friday, March 7th. Benchmark dropped their price objective on GEN Restaurant Group from $14.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday, March 7th.

GEN Restaurant Group Stock Up 4.7 %

Shares of GENK stock traded up $0.19 during trading hours on Friday, hitting $4.25. 75,837 shares of the company were exchanged, compared to its average volume of 65,669. GEN Restaurant Group, Inc. has a 52 week low of $4.00 and a 52 week high of $13.12. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average of $5.31 and a two-hundred day moving average of $6.96. The company has a market capitalization of $140.83 million, a PE ratio of 25.00 and a beta of 1.60.

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