David Wook Jin Kim Buys 12,500 Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) Stock

GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO David Wook Jin Kim purchased 12,500 shares of GEN Restaurant Group stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of $8.09 per share, with a total value of $101,125.00. Following the completion of the transaction, the chief executive officer now directly owns 147,593 shares of the company’s stock, valued at approximately $1,194,027.37. The trade was a 9.25 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, December 19th, David Wook Jin Kim purchased 4,277 shares of GEN Restaurant Group stock. The shares were bought at an average cost of $7.36 per share, for a total transaction of $31,478.72.
• On Thursday, November 21st, David Wook Jin Kim bought 3,954 shares of GEN Restaurant Group stock. The stock was purchased at an average price of $7.90 per share, with a total value of $31,236.60.
• On Tuesday, November 19th, David Wook Jin Kim acquired 1,000 shares of GEN Restaurant Group stock. The stock was acquired at an average price of $7.90 per share, for a total transaction of $7,900.00.

GEN Restaurant Group Stock Up 2.4 %

Shares of GENK opened at $7.38 on Friday. GEN Restaurant Group, Inc. has a 52 week low of $5.61 and a 52 week high of $14.46. The firm has a market cap of $242.06 million, a P/E ratio of 43.41 and a beta of 1.93. The firm’s 50-day simple moving average is $8.47 and its 200 day simple moving average is $8.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.91.

GEN Restaurant Group (NASDAQ:GENK) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $49.11 million during the quarter, compared to analysts’ expectations 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 period last year, the firm posted $0.08 EPS. On average, analysts forecast that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “buy” rating and set a $14.00 target price on shares of GEN Restaurant Group in a report on Monday, November 18th.

Institutional Investors Weigh In On GEN Restaurant Group

A number of institutional investors have recently modified their holdings of the business. Apis Capital Advisors LLC bought a new stake in GEN Restaurant Group in the 2nd quarter valued at about $91,000. Connors Investor Services Inc. acquired a new stake in GEN Restaurant Group during the second quarter worth approximately $124,000. SkyView Investment Advisors LLC acquired a new stake in GEN Restaurant Group during the second quarter worth approximately $154,000. Renaissance Technologies LLC increased its stake in GEN Restaurant Group by 86.2% during the 2nd quarter. Renaissance Technologies LLC now owns 35,199 shares of the company’s stock worth $319,000 after acquiring an additional 16,299 shares during the period. Finally, Geode Capital Management LLC raised its holdings in GEN Restaurant Group by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 46,496 shares of the company’s stock valued at $393,000 after acquiring an additional 2,427 shares in the last quarter. Institutional investors own 10.22% of the company’s stock.

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.