GEN Restaurant Group, Inc. (NASDAQ:GENK) Stake Increased by Resolute Capital Asset Partners LLC

Resolute Capital Asset Partners LLC raised its stake in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) by 645.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,520 shares of the company’s stock after acquiring an additional 64,520 shares during the quarter. Resolute Capital Asset Partners LLC owned approximately 0.23% of GEN Restaurant Group worth $675,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Connors Investor Services Inc. acquired a new stake in shares of GEN Restaurant Group in the 2nd quarter valued at about $124,000. Renaissance Technologies LLC raised its stake in GEN Restaurant Group by 86.2% during the second quarter. Renaissance Technologies LLC now owns 35,199 shares of the company’s stock valued at $319,000 after buying an additional 16,299 shares in the last quarter. Skylands Capital LLC raised its stake in GEN Restaurant Group by 19.6% during the second quarter. Skylands Capital LLC now owns 176,360 shares of the company’s stock valued at $1,598,000 after buying an additional 28,960 shares in the last quarter. Vanguard Group Inc. lifted its holdings in GEN Restaurant Group by 487.8% during the 1st quarter. Vanguard Group Inc. now owns 164,574 shares of the company’s stock worth $1,922,000 after buying an additional 136,578 shares during the last quarter. Finally, Sanders Morris Harris LLC acquired a new position in shares of GEN Restaurant Group in the 1st quarter worth approximately $2,628,000. 10.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Roth Mkm dropped their price target on GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st.

GEN Restaurant Group Trading Down 0.6 %

NASDAQ GENK opened at $8.33 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.04 and a current ratio of 1.05. GEN Restaurant Group, Inc. has a one year low of $5.61 and a one year high of $14.46. The company has a 50-day simple moving average of $8.53 and a 200-day simple moving average of $9.43. The firm has a market capitalization of $269.88 million, a PE ratio of 46.28 and a beta of 2.32.

GEN Restaurant Group (NASDAQ:GENK) last issued its earnings results on Wednesday, July 31st. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $53.86 million during the quarter, compared to the consensus estimate of $50.30 million. GEN Restaurant Group had a return on equity of 2.76% and a net margin of 0.56%. On average, equities analysts forecast that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current year.

GEN Restaurant Group Profile

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.