Michael Cowan Acquires 30,000 Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) Stock

GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report) Director Michael Cowan acquired 30,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were acquired at an average price of $3.30 per share, for a total transaction of $99,000.00. Following the acquisition, the director now directly owns 34,167 shares in the company, valued at $112,751.10. This represents a 719.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

GEN Restaurant Group Stock Down 1.9%

NASDAQ GENK traded down $0.08 during trading on Thursday, hitting $4.18. The stock had a trading volume of 98,403 shares, compared to its average volume of 71,791. The company has a market capitalization of $138.51 million, a PE ratio of 24.59 and a beta of 1.67. The company's 50-day moving average price is $4.27 and its two-hundred day moving average price is $5.95. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.91. GEN Restaurant Group, Inc. has a 12 month low of $3.16 and a 12 month high of $11.50.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $57.34 million for the quarter, compared to analyst estimates of $61.09 million. GEN Restaurant Group had a return on equity of 1.83% and a net margin of 0.39%. As a group, sell-side analysts forecast that GEN Restaurant Group, Inc. will post 0.01 EPS for the current year.

GEN Restaurant Group Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, June 9th.

Wall Street Analyst Weigh In

GENK has been the topic of several recent analyst reports. Roth Capital set a $10.00 price objective on GEN Restaurant Group in a report on Friday, March 7th. Benchmark cut their target price on GEN Restaurant Group from $11.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, May 15th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Wealthedge Investment Advisors LLC acquired a new position in shares of GEN Restaurant Group during the 4th quarter worth approximately $143,000. Northern Trust Corp increased its holdings in shares of GEN Restaurant Group by 68.3% during the 4th quarter. Northern Trust Corp now owns 25,071 shares of the company's stock worth $188,000 after acquiring an additional 10,176 shares during the last quarter. Jones Financial Companies Lllp increased its holdings 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 during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of GEN Restaurant Group by 29.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company's stock worth $296,000 after acquiring an additional 12,296 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings 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 during the last quarter. Institutional investors and hedge funds own 10.22% of the company's stock.

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.