GEN Restaurant Group (NASDAQ:GENK) Rating Reiterated by Roth Mkm

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Roth Mkm reissued their buy rating on shares of GEN Restaurant Group (NASDAQ:GENK - Free Report) in a research note published on Wednesday morning, Benzinga reports. The firm currently has a $14.00 target price on the stock, up from their previous target price of $10.00.

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Separately, Benchmark dropped their price objective on shares of GEN Restaurant Group from $20.00 to $16.00 and set a buy rating on the stock in a report on Wednesday, January 17th.

Read Our Latest Report on GEN Restaurant Group

GEN Restaurant Group Stock Up 8.4 %

NASDAQ:GENK traded up $0.93 during mid-day trading on Wednesday, hitting $12.02. 176,308 shares of the company's stock traded hands, compared to its average volume of 75,203. The company has a fifty day moving average of $9.68 and a 200 day moving average of $8.53. The company has a current ratio of 1.18, a quick ratio of 1.16 and a debt-to-equity ratio of 0.13. GEN Restaurant Group has a twelve month low of $5.61 and a twelve month high of $20.50.

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

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Insider Transactions at GEN Restaurant Group

In related news, major shareholder Jose Manzanarez acquired 48,142 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was acquired at an average price of $6.03 per share, with a total value of $290,296.26. Following the acquisition, the insider now directly owns 115,593 shares in the company, valued at approximately $697,025.79. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other GEN Restaurant Group news, CEO David Wook Jin Kim purchased 6,000 shares of the business's stock in a transaction that occurred 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 in the company, valued at $1,047,248.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Jose Manzanarez purchased 48,142 shares of GEN Restaurant Group stock in a transaction that occurred on Monday, March 11th. The stock was acquired at an average cost of $6.03 per share, with a total value of $290,296.26. Following the acquisition, 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 have acquired 59,039 shares of company stock worth $371,611 over the last 90 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Barclays PLC purchased a new stake in GEN Restaurant Group in the 3rd quarter worth $68,000. Valmark Advisers Inc. acquired a new position in shares of GEN Restaurant Group during the 3rd quarter worth about $257,000. FMR LLC purchased a new position in GEN Restaurant Group in the 3rd quarter valued at about $4,984,000. AWM Investment Company Inc. lifted its stake in GEN Restaurant Group by 26.4% in the 3rd quarter. AWM Investment Company Inc. now owns 379,299 shares of the company's stock valued at $4,415,000 after buying an additional 79,299 shares in the last quarter. Finally, Wasatch Advisors LP increased its stake in GEN Restaurant Group by 23.6% during the 4th quarter. Wasatch Advisors LP now owns 657,738 shares of the company's stock worth $5,150,000 after buying an additional 125,542 shares in the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.

About GEN Restaurant Group

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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.

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