GEN Restaurant Group (NASDAQ:GENK) Trading Up 0.5% - Here's What Happened

GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report)'s stock price shot up 0.5% during trading on Tuesday . The stock traded as high as $4.01 and last traded at $3.98. 45,554 shares were traded during mid-day trading, a decline of 37% from the average session volume of 72,315 shares. The stock had previously closed at $3.96.

Analyst Ratings Changes

Separately, Benchmark lowered their price target on shares of GEN Restaurant Group from $11.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, May 15th.

GEN Restaurant Group Price Performance

The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 0.11. The company's 50 day moving average is $3.86 and its 200 day moving average is $4.92. The firm has a market capitalization of $136.87 million, a price-to-earnings ratio of -137.67 and a beta of 1.44.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.04 EPS for the quarter. GEN Restaurant Group had a negative net margin of 0.09% and a positive return on equity of 0.95%. The business had revenue of $57.34 million for the quarter, compared to the consensus estimate of $61.09 million. On average, equities research analysts anticipate that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current fiscal year.

GEN Restaurant Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, June 23rd. Investors of record on Monday, June 9th were paid a $0.03 dividend. The ex-dividend date was Monday, June 9th.

Insider Activity at GEN Restaurant Group

In other GEN Restaurant Group news, Director Michael Cowan purchased 30,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were acquired at an average cost of $3.30 per share, for a total transaction of $99,000.00. Following the completion of the purchase, the director owned 34,167 shares of the company's stock, valued at approximately $112,751.10. The trade was a 719.94% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 59.10% of the company's stock.

Institutional Investors Weigh In On GEN Restaurant Group

A number of large investors have recently bought and sold shares of GENK. Wasatch Advisors LP grew its stake in GEN Restaurant Group by 17.7% during the fourth quarter. Wasatch Advisors LP now owns 986,957 shares of the company's stock worth $7,382,000 after buying an additional 148,506 shares in the last quarter. 1492 Capital Management LLC boosted its position in shares of GEN Restaurant Group by 248.8% during the 1st quarter. 1492 Capital Management LLC now owns 114,102 shares of the company's stock worth $630,000 after acquiring an additional 81,393 shares in the last quarter. Diametric Capital LP boosted its position in shares of GEN Restaurant Group by 163.7% during the 4th quarter. Diametric Capital LP now owns 67,933 shares of the company's stock worth $508,000 after acquiring an additional 42,175 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of GEN Restaurant Group by 1,376,466.7% during the 1st quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company's stock worth $228,000 after acquiring an additional 41,294 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of 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 in the last quarter. 10.22% of the stock is currently owned by institutional investors and hedge funds.

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.