GEN Restaurant Group, Inc. (NASDAQ:GENK) Short Interest Down 14.8% in March

Key Points

• Short interest down 14.8% to 578,941 shares as of March 13, equal to 4.3% of the stock and a days-to-cover ratio of 15.2 days.
• Analysts are mixed with a consensus "Hold" rating and an average price target of $4.50; two Buy ratings and one Sell were reported, and Roth MKM cut its target to $3.00 while keeping a Buy.
• GENK trades near $1.97 with a market cap of $64.7M and a negative PE (-7.56), and institutional ownership is about 10.2% as firms like Goldman Sachs recently increased their stakes.

GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 578,941 shares, a decline of 14.8% from the February 26th total of 679,256 shares. Based on an average trading volume of 37,998 shares, the days-to-cover ratio is presently 15.2 days. Currently, 4.3% of the company's stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on GENK. Weiss Ratings restated a "sell (d)" rating on shares of GEN Restaurant Group in a research note on Thursday, January 22nd. Roth Mkm cut their target price on GEN Restaurant Group from $5.00 to $3.00 and set a "buy" rating on the stock in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $4.50.

Hedge Funds Weigh In On GEN Restaurant Group

A number of hedge funds have recently bought and sold shares of GENK. Jones Financial Companies Lllp raised its stake in GEN Restaurant Group by 1,376,466.7% during the first quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company's stock valued at $228,000 after buying an additional 41,294 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of GEN Restaurant Group by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company's stock valued at $296,000 after acquiring an additional 12,296 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of GEN Restaurant Group in the 2nd quarter valued at approximately $49,000. Quadrature Capital Ltd acquired a new stake in shares of GEN Restaurant Group during the 2nd quarter valued at approximately $191,000. Finally, Sanders Morris Harris LLC raised its position in shares of GEN Restaurant Group by 75.0% during the 3rd quarter. Sanders Morris Harris LLC now owns 472,516 shares of the company's stock valued at $1,299,000 after acquiring an additional 202,524 shares in the last quarter. 10.22% of the stock is currently owned by institutional investors and hedge funds.

GEN Restaurant Group Stock Up 4.5%

GENK stock traded up $0.09 during mid-day trading on Tuesday, hitting $1.97. 33,659 shares of the company were exchanged, compared to its average volume of 48,900. The firm has a fifty day simple moving average of $1.90 and a 200 day simple moving average of $2.40. The company has a market capitalization of $64.73 million, a PE ratio of -7.56 and a beta of 1.46. GEN Restaurant Group has a twelve month low of $1.50 and a twelve month high of $5.63. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.16.

About GEN Restaurant Group

GEN Restaurant Group, Inc, operating as Gen Korean BBQ House, is a restaurant operator specializing in an all-you-can-eat Korean barbecue dining concept. The company offers patrons a hands-on grilling experience with a selection of premium meats, seafood, and vegetables cooked tableside, alongside traditional Korean side dishes and beverages. Gen Korean BBQ House locations feature modern décor and a fast-casual service style designed to appeal to a broad demographic of consumers seeking experiential dining.

The company's restaurants serve a core menu of marinated and non-marinated proteins, including beef, pork, chicken and plant-based alternatives, complemented by signature banchan (side dishes), sauces and dessert offerings.

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