GEN Restaurant Group, Inc. (NASDAQ:GENK) Sees Significant Increase in Short Interest

GEN Restaurant Group, Inc. (NASDAQ:GENK) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 137,400 shares, an increase of 6.3% from the August 15th total of 129,200 shares. Approximately 3.3% of the shares of the stock are sold short. Based on an average daily volume of 54,500 shares, the days-to-cover ratio is currently 2.5 days.

Analysts Set New Price Targets

Separately, Roth Mkm dropped their price objective on shares of GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, August 1st.

Hedge Funds Weigh In On GEN Restaurant Group

Several hedge funds have recently added to or reduced their stakes in GENK. Apis Capital Advisors LLC purchased a new stake in GEN Restaurant Group in the second quarter worth $91,000. Connors Investor Services Inc. bought a new stake in shares of GEN Restaurant Group in the second quarter valued at about $124,000. SkyView Investment Advisors LLC purchased a new position in GEN Restaurant Group during the 2nd quarter valued at about $154,000. Renaissance Technologies LLC increased its position in GEN Restaurant Group by 86.2% during the 2nd quarter. Renaissance Technologies LLC now owns 35,199 shares of the company’s stock valued at $319,000 after purchasing an additional 16,299 shares during the period. Finally, Resolute Capital Asset Partners LLC raised its holdings in shares of GEN Restaurant Group by 645.2% in the 2nd quarter. Resolute Capital Asset Partners LLC now owns 74,520 shares of the company’s stock valued at $675,000 after purchasing an additional 64,520 shares in the last quarter. 10.22% of the stock is currently owned by institutional investors.

GEN Restaurant Group Trading Down 0.1 %

Shares of NASDAQ GENK traded down $0.01 during trading hours on Tuesday, hitting $8.38. 37,813 shares of the company traded hands, compared to its average volume of 64,820. The company’s 50 day moving average price is $8.53 and its 200 day moving average price is $9.43. GEN Restaurant Group has a 12 month low of $5.61 and a 12 month high of $14.46. The stock has a market capitalization of $271.50 million, a price-to-earnings ratio of 46.61 and a beta of 2.32. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.10.

GEN Restaurant Group (NASDAQ:GENK) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. GEN Restaurant Group had a net margin of 0.56% and a return on equity of 2.76%. The business had revenue of $53.86 million for the quarter, compared to analysts’ expectations of $50.30 million. On average, equities research analysts anticipate that GEN Restaurant Group will post 0.01 earnings per share for the current fiscal 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.