Insider Buying: GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO Acquires $101,125.00 in Stock

GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO David Wook Jin Kim purchased 12,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of $8.09 per share, for a total transaction of $101,125.00. Following the completion of the acquisition, the chief executive officer now directly owns 147,593 shares in the company, valued at $1,194,027.37. The trade was a 9.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, November 21st, David Wook Jin Kim acquired 3,954 shares of GEN Restaurant Group stock. The shares were bought at an average price of $7.90 per share, with a total value of $31,236.60.
• On Tuesday, November 19th, David Wook Jin Kim bought 1,000 shares of GEN Restaurant Group stock. The shares were bought at an average price of $7.90 per share, for a total transaction of $7,900.00.

GEN Restaurant Group Stock Down 8.7 %

GENK opened at $7.21 on Thursday. The firm has a market capitalization of $236.49 million, a P/E ratio of 42.41 and a beta of 1.93. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.87. The company has a fifty day moving average price of $8.48 and a 200-day moving average price of $8.70. GEN Restaurant Group, Inc. has a one year low of $5.61 and a one year high of $14.46.

GEN Restaurant Group (NASDAQ:GENK) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. The business had revenue of $49.11 million during the quarter, compared to analyst estimates of $49.90 million. During the same period in the prior year, the business posted $0.08 earnings per share. Equities research analysts expect that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GEN Restaurant Group

A number of institutional investors and hedge funds have recently made changes to their positions in GENK. Geode Capital Management LLC raised its holdings in GEN Restaurant Group by 5.5% in 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 during the period. Portolan Capital Management LLC increased its stake in GEN Restaurant Group by 1.8% in the third quarter. Portolan Capital Management LLC now owns 372,759 shares of the company’s stock worth $3,146,000 after purchasing an additional 6,641 shares during the period. Wasatch Advisors LP raised its position in GEN Restaurant Group by 72.7% during the 3rd quarter. Wasatch Advisors LP now owns 838,451 shares of the company’s stock valued at $7,077,000 after purchasing an additional 352,922 shares in the last quarter. Bard Associates Inc. lifted its holdings in shares of GEN Restaurant Group by 1.7% in the 3rd 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 during the period. Finally, SkyView Investment Advisors LLC purchased a new stake in shares of GEN Restaurant Group in the 2nd quarter worth $154,000. Institutional investors own 10.22% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark reissued a “buy” rating and set a $14.00 price objective on shares of GEN Restaurant Group in a report on Monday, November 18th.

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.