David Wook Jin Kim Buys 3,954 Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) Stock

GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO David Wook Jin Kim bought 3,954 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were bought at an average price of $7.90 per share, for a total transaction of $31,236.60. Following the transaction, the chief executive officer now owns 135,093 shares of the company’s stock, valued at approximately $1,067,234.70. This represents a 3.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

David Wook Jin Kim also recently made the following trade(s):

• On Tuesday, November 19th, David Wook Jin Kim purchased 1,000 shares of GEN Restaurant Group stock. The shares were bought at an average price of $7.90 per share, for a total transaction of $7,900.00.

GEN Restaurant Group Trading Down 0.2 %

GENK traded down $0.02 during trading on Tuesday, hitting $8.13. 7,313 shares of the stock traded hands, compared to its average volume of 60,705. The firm has a market capitalization of $266.66 million, a P/E ratio of 47.82 and a beta of 2.12. The firm has a 50-day moving average of $8.51 and a 200 day moving average of $9.10. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.87. GEN Restaurant Group, Inc. has a 12-month low of $5.61 and a 12-month high of $14.46.

GEN Restaurant Group (NASDAQ:GENK) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $49.11 million during the quarter, compared to analyst estimates of $49.90 million. GEN Restaurant Group had a return on equity of 1.83% and a net margin of 0.39%. During the same quarter last year, the firm posted $0.08 earnings per share. Equities research analysts anticipate that GEN Restaurant Group, Inc. will post 0.01 EPS for the current year.

Institutional Investors Weigh In On GEN Restaurant Group

Several hedge funds have recently bought and sold shares of GENK. Vanguard Group Inc. boosted its stake in GEN Restaurant Group by 487.8% in the 1st quarter. Vanguard Group Inc. now owns 164,574 shares of the company’s stock worth $1,922,000 after purchasing an additional 136,578 shares in the last quarter. Skylands Capital LLC increased its holdings in shares of GEN Restaurant Group by 19.6% in the 2nd quarter. Skylands Capital LLC now owns 176,360 shares of the company’s stock worth $1,598,000 after purchasing an additional 28,960 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of GEN Restaurant Group by 86.2% in the 2nd quarter. Renaissance Technologies LLC now owns 35,199 shares of the company’s stock worth $319,000 after purchasing an additional 16,299 shares in the last quarter. Connors Investor Services Inc. purchased a new position in shares of GEN Restaurant Group in the second quarter worth $124,000. Finally, Resolute Capital Asset Partners LLC lifted its holdings in shares of GEN Restaurant Group by 645.2% during the second 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. Institutional investors own 10.22% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GENK shares. Roth Mkm decreased their price target on shares of GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Benchmark restated a “buy” rating and issued a $14.00 price objective on shares of GEN Restaurant Group in a research report on Monday, November 18th.

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.