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

GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO David Wook Jin Kim acquired 3,954 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were bought at an average price of $7.90 per share, with a total value of $31,236.60. Following the acquisition, the chief executive officer now directly owns 135,093 shares in the company, valued at $1,067,234.70. This represents a 3.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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

GEN Restaurant Group Trading Up 4.9 %

Shares of NASDAQ GENK traded up $0.38 during trading on Monday, hitting $8.15. 100,252 shares of the company traded hands, compared to its average volume of 60,944. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $267.32 million, a P/E ratio of 47.94 and a beta of 2.12. The company has a 50-day moving average price of $8.52 and a 200-day moving average price of $9.11. GEN Restaurant Group, Inc. has a 1 year low of $5.61 and a 1 year high of $14.46.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on GENK. Roth Mkm lowered their target price on GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Benchmark reissued a “buy” rating and issued a $14.00 price objective on shares of GEN Restaurant Group in a research note on Monday, November 18th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GENK. Geode Capital Management LLC raised its holdings in GEN Restaurant Group by 5.5% during the third quarter. Geode Capital Management LLC now owns 46,496 shares of the company’s stock worth $393,000 after purchasing an additional 2,427 shares in the last quarter. Bard Associates Inc. lifted its holdings in shares of GEN Restaurant Group by 1.7% in the third quarter. Bard Associates Inc. now owns 175,676 shares of the company’s stock valued at $1,483,000 after buying an additional 2,956 shares during the period. Portolan Capital Management LLC boosted its position in shares of GEN Restaurant Group by 1.8% during the 3rd quarter. Portolan Capital Management LLC now owns 372,759 shares of the company’s stock valued at $3,146,000 after purchasing an additional 6,641 shares in the last quarter. Apis Capital Advisors LLC bought a new position in shares of GEN Restaurant Group in the second quarter valued at $91,000. Finally, Connors Investor Services Inc. purchased a new stake in shares of GEN Restaurant Group during the second quarter valued at $124,000. 10.22% of the stock is owned by institutional investors and hedge funds.

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.