GEN Restaurant Group, Inc. (NASDAQ:GENK) Short Interest Up 205.2% in March

GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 129,400 shares, an increase of 205.2% from the March 15th total of 42,400 shares. Currently, 3.1% of the company's stock are short sold. Based on an average daily volume of 88,100 shares, the days-to-cover ratio is presently 1.5 days.

Insider Buying and Selling

In other news, CEO David Wook Jin Kim bought 6,000 shares of the business's stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $8.05 per share, for a total transaction of $48,300.00. Following the completion of the transaction, the chief executive officer now owns 130,093 shares of the company's stock, valued at $1,047,248.65. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO David Wook Jin Kim bought 6,000 shares of the company's stock in a transaction dated Friday, March 15th. The shares were acquired at an average price of $8.05 per share, with a total value of $48,300.00. Following the completion of the acquisition, the chief executive officer now owns 130,093 shares in the company, valued at approximately $1,047,248.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Jose Manzanarez bought 48,142 shares of GEN Restaurant Group stock in a transaction dated Monday, March 11th. The stock was purchased at an average price of $6.03 per share, with a total value of $290,296.26. Following the purchase, the insider now directly owns 115,593 shares in the company, valued at approximately $697,025.79. The disclosure for this purchase can be found here. Insiders acquired a total of 59,039 shares of company stock worth $371,611 over the last 90 days.

Hedge Funds Weigh In On GEN Restaurant Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC acquired a new stake in GEN Restaurant Group in the 3rd quarter valued at $68,000. Vanguard Group Inc. acquired a new stake in GEN Restaurant Group during the 3rd quarter worth about $155,000. Northern Trust Corp acquired a new position in shares of GEN Restaurant Group in the fourth quarter worth about $131,000. Walleye Capital LLC purchased a new position in shares of GEN Restaurant Group in the second quarter worth approximately $302,000. Finally, Sei Investments Co. acquired a new stake in GEN Restaurant Group during the 2nd quarter valued at $351,000. 10.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GENK has been the subject of a number of analyst reports. Benchmark cut their price target on GEN Restaurant Group from $20.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, January 17th. Roth Mkm lowered their price target on shares of GEN Restaurant Group from $14.00 to $11.00 and set a "buy" rating for the company in a report on Monday, March 4th.

GEN Restaurant Group Stock Down 3.0 %

GENK traded down $0.30 during midday trading on Wednesday, hitting $9.70. The company's stock had a trading volume of 74,256 shares, compared to its average volume of 84,673. GEN Restaurant Group has a 52-week low of $5.61 and a 52-week high of $20.50. The company has a quick ratio of 1.16, a current ratio of 1.18 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $8.90 and a two-hundred day moving average price of $8.66.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.06). The company had revenue of $45.11 million during the quarter, compared to analyst estimates of $44.20 million. GEN Restaurant Group had a net margin of 2.46% and a return on equity of 20.27%. As a group, research analysts expect that GEN Restaurant Group will post 0.1 earnings per share for the current year.

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.