GEN Restaurant Group (NASDAQ:GENK) PT Raised to $13.50

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) had its target price raised by equities researchers at Craig Hallum from $10.00 to $13.50 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the stock. Craig Hallum's price objective indicates a potential upside of 12.31% from the company's current price.

GENK has been the subject of a number of other research reports. Benchmark dropped their price target on shares of GEN Restaurant Group from $20.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, January 17th. Roth Mkm reaffirmed a "buy" rating and set a $14.00 price target (up previously from $10.00) on shares of GEN Restaurant Group in a research report on Wednesday.

GEN Restaurant Group Trading Up 8.4 %

Shares of GENK stock traded up $0.93 during trading hours on Wednesday, reaching $12.02. The company had a trading volume of 176,308 shares, compared to its average volume of 75,203. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.18 and a quick ratio of 1.16. GEN Restaurant Group has a twelve month low of $5.61 and a twelve month high of $20.50. The stock's fifty day simple moving average is $9.78 and its 200 day simple moving average is $8.55.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.10. GEN Restaurant Group had a net margin of 2.46% and a return on equity of 20.27%. The firm had revenue of $50.76 million for the quarter, compared to analyst estimates of $47.90 million. Equities analysts forecast that GEN Restaurant Group will post 0.1 EPS for the current year.

Insider Transactions at GEN Restaurant Group

In related news, CEO David Wook Jin Kim bought 6,000 shares of the firm's stock in a transaction on Friday, March 15th. The stock was bought at an average cost of $8.05 per share, for a total transaction of $48,300.00. Following the completion of the purchase, the chief executive officer now directly owns 130,093 shares in the company, valued at approximately $1,047,248.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Jose Manzanarez bought 48,142 shares of the firm's stock in a transaction on Monday, March 11th. The stock was purchased at an average price of $6.03 per share, for a total transaction of $290,296.26. Following the transaction, the insider now owns 115,593 shares in the company, valued at $697,025.79. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Wook Jin Kim purchased 6,000 shares of the company's stock in a transaction on Friday, March 15th. The stock was purchased at an average price of $8.05 per share, for a total transaction of $48,300.00. Following the purchase, the chief executive officer now directly owns 130,093 shares of the company's stock, valued at approximately $1,047,248.65. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 59,039 shares of company stock worth $371,611.

Institutional Trading of GEN Restaurant Group

Several hedge funds have recently added to or reduced their stakes in GENK. Wasatch Advisors LP boosted its stake in GEN Restaurant Group by 23.6% during the fourth quarter. Wasatch Advisors LP now owns 657,738 shares of the company's stock valued at $5,150,000 after buying an additional 125,542 shares in the last quarter. FMR LLC acquired a new position in shares of GEN Restaurant Group in the 3rd quarter worth approximately $4,984,000. AWM Investment Company Inc. grew its stake in shares of GEN Restaurant Group by 26.4% in the 3rd quarter. AWM Investment Company Inc. now owns 379,299 shares of the company's stock worth $4,415,000 after purchasing an additional 79,299 shares during the last quarter. Sanders Morris Harris LLC bought a new stake in shares of GEN Restaurant Group in the 1st quarter worth approximately $2,628,000. Finally, Vanguard Group Inc. lifted its stake in GEN Restaurant Group by 487.8% during the first quarter. Vanguard Group Inc. now owns 164,574 shares of the company's stock valued at $1,922,000 after purchasing an additional 136,578 shares during the last quarter. Institutional investors 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.