Geode Capital Management LLC Raises Holdings in GEN Restaurant Group, Inc. (NASDAQ:GENK)

Geode Capital Management LLC boosted its stake in GEN Restaurant Group, Inc. (NASDAQ:GENK) by 5.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,496 shares of the company’s stock after buying an additional 2,427 shares during the quarter. Geode Capital Management LLC owned approximately 0.14% of GEN Restaurant Group worth $393,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of GENK. Portolan Capital Management LLC raised its holdings in shares of GEN Restaurant Group by 1.8% in the third quarter. Portolan Capital Management LLC now owns 372,759 shares of the company’s stock worth $3,146,000 after acquiring an additional 6,641 shares during the last quarter. Wasatch Advisors LP raised its stake in GEN Restaurant Group by 72.7% in the 3rd quarter. Wasatch Advisors LP now owns 838,451 shares of the company’s stock valued at $7,077,000 after purchasing an additional 352,922 shares during the last quarter. Bard Associates Inc. lifted its holdings in GEN Restaurant Group by 1.7% in the 3rd quarter. Bard Associates Inc. now owns 175,676 shares of the company’s stock valued at $1,483,000 after purchasing an additional 2,956 shares in the last quarter. SkyView Investment Advisors LLC acquired a new stake in shares of GEN Restaurant Group during the 2nd quarter worth about $154,000. Finally, Apis Capital Advisors LLC purchased a new stake in shares of GEN Restaurant Group during the second quarter worth about $91,000. Institutional investors and hedge funds own 10.22% of the company’s stock.

GEN Restaurant Group Price Performance

Shares of NASDAQ:GENK opened at $7.44 on Monday. The business has a fifty day simple moving average of $8.12 and a 200-day simple moving average of $8.38. GEN Restaurant Group, Inc. has a 52 week low of $5.61 and a 52 week high of $14.46. The company has a market cap of $244.03 million, a P/E ratio of 43.76 and a beta of 1.95. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.12.

GEN Restaurant Group (NASDAQ:GENK) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company 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 quarter in the previous year, the business earned $0.08 EPS. Equities research analysts forecast that GEN Restaurant Group, Inc. will post 0.01 EPS for the current year.

Insider Activity at GEN Restaurant Group

In other news, CEO David Wook Jin Kim purchased 4,277 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was bought at an average cost of $7.36 per share, for a total transaction of $31,478.72. Following the completion of the purchase, the chief executive officer now directly owns 151,870 shares of the company’s stock, valued at $1,117,763.20. The trade was a 2.90 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders purchased 21,731 shares of company stock worth $171,740. 61.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.