Renaissance Technologies LLC Boosts Stake in GEN Restaurant Group, Inc. (NASDAQ:GENK)

Renaissance Technologies LLC raised its holdings in GEN Restaurant Group, Inc. (NASDAQ:GENK) by 86.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,199 shares of the company’s stock after acquiring an additional 16,299 shares during the period. Renaissance Technologies LLC owned approximately 0.11% of GEN Restaurant Group worth $319,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of GENK. Skylands Capital LLC lifted its position 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 purchasing an additional 28,960 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of GEN Restaurant Group by 487.8% in the 1st quarter. Vanguard Group Inc. now owns 164,574 shares of the company’s stock worth $1,922,000 after acquiring an additional 136,578 shares during the last quarter. Finally, Sanders Morris Harris LLC purchased a new stake in shares of GEN Restaurant Group in the 1st quarter valued at $2,628,000. Institutional investors own 10.22% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm decreased their target price on shares of 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 Price Performance

GENK opened at $8.09 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.05 and a quick ratio of 1.04. The stock’s 50 day simple moving average is $8.44 and its 200 day simple moving average is $9.45. The firm has a market cap of $264.95 million, a price-to-earnings ratio of 33.71 and a beta of 2.31. 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 issued its earnings results on Wednesday, July 31st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. GEN Restaurant Group had a net margin of 0.56% and a return on equity of 2.76%. The firm had revenue of $53.86 million for the quarter, compared to analysts’ expectations of $50.30 million. As a group, analysts predict that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current year.

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.