Wasatch Advisors LP Sells 31,623 Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK)

Wasatch Advisors LP trimmed its stake in GEN Restaurant Group, Inc. (NASDAQ:GENK) by 4.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 626,115 shares of the company’s stock after selling 31,623 shares during the period. Wasatch Advisors LP’s holdings in GEN Restaurant Group were worth $7,313,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Barclays PLC bought a new position in GEN Restaurant Group in the 3rd quarter worth approximately $68,000. FMR LLC bought a new position in GEN Restaurant Group in the 3rd quarter worth approximately $4,984,000. Finally, Sanders Morris Harris LLC bought a new position in GEN Restaurant Group in the 1st quarter worth approximately $2,628,000. 10.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on GENK shares. Benchmark reaffirmed a “buy” rating and issued a $14.00 price target on shares of GEN Restaurant Group in a research report on Thursday, May 16th. Roth Mkm reaffirmed a “buy” rating and issued a $14.00 price target (up from $10.00) on shares of GEN Restaurant Group in a research report on Wednesday, May 15th. Finally, Craig Hallum lifted their price target on GEN Restaurant Group from $10.00 to $13.50 and gave the stock a “buy” rating in a research report on Wednesday, May 15th.

GEN Restaurant Group Stock Performance

Shares of GENK traded down $0.32 on Tuesday, reaching $8.35. 58,933 shares of the stock traded hands, compared to its average volume of 68,042. The firm has a market cap of $270.54 million and a price-to-earnings ratio of 46.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.95 and a quick ratio of 0.94. GEN Restaurant Group, Inc. has a 12 month low of $5.61 and a 12 month high of $20.50. The stock’s 50-day moving average price is $10.49 and its 200-day moving average price is $9.23.

GEN Restaurant Group (NASDAQ:GENK) last released its quarterly earnings data on Tuesday, May 14th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.10. The business had revenue of $50.76 million for the quarter, compared to analysts’ expectations of $47.90 million. GEN Restaurant Group had a return on equity of 2.32% and a net margin of 0.44%. Equities analysts forecast that GEN Restaurant Group, Inc. will post 0.05 EPS for the current fiscal 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.