81,452 Shares in GEN Restaurant Group, Inc. (NASDAQ:GENK) Bought by Herr Investment Group LLC

Herr Investment Group LLC purchased a new stake in GEN Restaurant Group, Inc. (NASDAQ:GENK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 81,452 shares of the company’s stock, valued at approximately $738,000. Herr Investment Group LLC owned 0.25% of GEN Restaurant Group at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Connors Investor Services Inc. bought a new stake in shares of GEN Restaurant Group in the 2nd quarter valued at $124,000. Renaissance Technologies LLC lifted its position in shares of GEN Restaurant Group by 86.2% in the second 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. Skylands Capital LLC increased its stake in GEN Restaurant Group by 19.6% in the 2nd 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 during the last quarter. Resolute Capital Asset Partners LLC grew its holdings in shares of GEN Restaurant Group by 645.2% in the 2nd quarter. Resolute Capital Asset Partners LLC now owns 74,520 shares of the company’s stock valued at $675,000 after acquiring an additional 64,520 shares in the last quarter. Finally, Wasatch Advisors LP raised its stake in shares of GEN Restaurant Group by 23.6% during the 4th quarter. Wasatch Advisors LP now owns 657,738 shares of the company’s stock worth $5,150,000 after purchasing an additional 125,542 shares in the last quarter. 10.22% of the stock is owned by institutional investors.

GEN Restaurant Group Price Performance

Shares of GENK opened at $8.36 on Friday. The business has a 50-day simple moving average of $8.53 and a two-hundred day simple moving average of $9.42. The stock has a market cap of $270.86 million, a PE ratio of 46.44 and a beta of 2.32. GEN Restaurant Group, Inc. has a 12-month low of $5.61 and a 12-month high of $14.46. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.10.

GEN Restaurant Group (NASDAQ:GENK) last announced its earnings results on Wednesday, July 31st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $53.86 million for 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%. Analysts anticipate that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Roth Mkm decreased their price objective 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.

GEN Restaurant Group Company 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.