GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO Acquires $31,236.60 in Stock

GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO David Wook Jin Kim purchased 3,954 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average price of $7.90 per share, with a total value of $31,236.60. Following the purchase, the chief executive officer now owns 135,093 shares in the company, valued at $1,067,234.70. This trade represents a 3.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

David Wook Jin Kim also recently made the following trade(s):

• On Tuesday, November 19th, David Wook Jin Kim bought 1,000 shares of GEN Restaurant Group stock. The shares were acquired at an average price of $7.90 per share, with a total value of $7,900.00.

GEN Restaurant Group Trading Up 1.7 %

Shares of GENK opened at $8.22 on Thursday. GEN Restaurant Group, Inc. has a twelve month low of $5.61 and a twelve month high of $14.46. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $269.62 million, a P/E ratio of 48.35 and a beta of 2.12. The firm’s 50-day moving average is $8.50 and its two-hundred day moving average is $9.08.

GEN Restaurant Group (NASDAQ:GENK) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm 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 period in the previous year, the firm posted $0.08 earnings per share. On average, research analysts predict that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GENK shares. Roth Mkm cut their price objective on shares of GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Benchmark reaffirmed a “buy” rating and set a $14.00 price objective on shares of GEN Restaurant Group in a report on Monday, November 18th.

Hedge Funds Weigh In On GEN Restaurant Group

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in GEN Restaurant Group by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 46,496 shares of the company’s stock worth $393,000 after purchasing an additional 2,427 shares in the last quarter. Bard Associates Inc. grew its holdings in shares of GEN Restaurant Group by 1.7% during the third quarter. Bard Associates Inc. now owns 175,676 shares of the company’s stock worth $1,483,000 after buying an additional 2,956 shares in the last quarter. Portolan Capital Management LLC raised its position 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 valued at $3,146,000 after buying an additional 6,641 shares during the last quarter. Apis Capital Advisors LLC acquired a new position in shares of GEN Restaurant Group in the second quarter valued at approximately $91,000. Finally, Connors Investor Services Inc. acquired a new stake in GEN Restaurant Group during the second quarter worth approximately $124,000. Hedge funds and other institutional investors own 10.22% of the company’s stock.

About GEN Restaurant Group

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.