Benchmark Cuts GEN Restaurant Group (NASDAQ:GENK) Price Target to $11.00

GEN Restaurant Group (NASDAQ:GENK) had its price objective lowered by Benchmark from $14.00 to $11.00 in a report published on Friday,Benzinga reports. Benchmark currently has a buy rating on the stock.

GEN Restaurant Group Stock Up 22.8 %

Shares of NASDAQ:GENK opened at $6.25 on Friday. The company has a 50 day moving average price of $6.41 and a two-hundred day moving average price of $7.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.91. The company has a market capitalization of $205 million, a PE ratio of 36.76 and a beta of 1.89. GEN Restaurant Group has a 52 week low of $5.00 and a 52 week high of $14.46.

GEN Restaurant Group (NASDAQ:GENK) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The firm had revenue of $54.65 million during the quarter, compared to the consensus estimate of $49.77 million. GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. Analysts forecast that GEN Restaurant Group will post 0.01 earnings per share for the current year.

Insider Transactions at GEN Restaurant Group

In other GEN Restaurant Group news, CEO David Wook Jin Kim bought 4,277 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average cost of $7.36 per share, with a total value of $31,478.72. Following the purchase, the chief executive officer now owns 151,870 shares in the company, valued at $1,117,763.20. This trade represents a 2.90 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 61.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP raised its holdings in shares of GEN Restaurant Group by 72.7% during the third quarter. Wasatch Advisors LP now owns 838,451 shares of the company’s stock worth $7,077,000 after acquiring an additional 352,922 shares during the period. Diametric Capital LP raised its stake in shares of GEN Restaurant Group by 163.7% in the 4th quarter. Diametric Capital LP now owns 67,933 shares of the company’s stock valued at $508,000 after purchasing an additional 42,175 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of GEN Restaurant Group by 235.8% in the fourth quarter. Renaissance Technologies LLC now owns 54,400 shares of the company’s stock valued at $407,000 after purchasing an additional 38,200 shares in the last quarter. Sanders Morris Harris LLC boosted its position in shares of GEN Restaurant Group by 14.3% during the fourth quarter. Sanders Morris Harris LLC now owns 219,990 shares of the company’s stock worth $1,628,000 after buying an additional 27,591 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of GEN Restaurant Group by 68.3% during the fourth quarter. Northern Trust Corp now owns 25,071 shares of the company’s stock worth $188,000 after buying an additional 10,176 shares in the last quarter. Institutional investors and hedge funds own 10.22% of the company’s stock.

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.