GEN Restaurant Group, Inc. (NASDAQ:GENK) Declares Dividend of $0.03

GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report) announced a dividend on Tuesday, May 27th, NASDAQ Dividends reports. Investors of record on Monday, June 9th will be given a dividend of 0.03 per share on Monday, June 23rd. The ex-dividend date is Monday, June 9th.

GEN Restaurant Group Trading Up 20.4%

Shares of NASDAQ GENK traded up $0.68 during mid-day trading on Tuesday, hitting $4.01. The company's stock had a trading volume of 366,327 shares, compared to its average volume of 71,105. The stock has a market cap of $132.88 million, a price-to-earnings ratio of 23.59 and a beta of 1.67. The company's fifty day simple moving average is $4.30 and its 200-day simple moving average is $5.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.87. GEN Restaurant Group has a one year low of $3.16 and a one year high of $11.50.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.04 earnings per share for the quarter. GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. The business had revenue of $57.34 million during the quarter, compared to analysts' expectations of $61.09 million. On average, sell-side analysts anticipate that GEN Restaurant Group will post 0.01 earnings per share for the current fiscal year.

Insider Buying and Selling at GEN Restaurant Group

In related news, Director Michael Cowan purchased 30,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were acquired at an average cost of $3.30 per share, with a total value of $99,000.00. Following the purchase, the director now directly owns 34,167 shares of the company's stock, valued at approximately $112,751.10. This trade represents a 719.94% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 59.10% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GEN Restaurant Group stock. Goldman Sachs Group Inc. increased its holdings in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK - Free Report) by 29.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,573 shares of the company's stock after purchasing an additional 12,296 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.16% of GEN Restaurant Group worth $296,000 at the end of the most recent reporting period. 10.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on GENK. Benchmark lowered their target price on GEN Restaurant Group from $11.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, May 15th. Roth Capital set a $10.00 price target on GEN Restaurant Group in a report on Friday, March 7th.

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.