GEN Restaurant Group, Inc. (NASDAQ:GENK) Shares Sold by Bard Associates Inc.

Bard Associates Inc. lessened its stake in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 168,201 shares of the company’s stock after selling 7,475 shares during the period. Bard Associates Inc. owned about 0.51% of GEN Restaurant Group worth $1,258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wasatch Advisors LP lifted 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 valued at $7,077,000 after purchasing an additional 352,922 shares during the last quarter. Geode Capital Management LLC lifted its stake in GEN Restaurant Group by 5.5% during the third quarter. Geode Capital Management LLC now owns 46,496 shares of the company’s stock valued at $393,000 after buying an additional 2,427 shares in the last quarter. Portolan Capital Management LLC boosted its holdings 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 worth $3,146,000 after buying an additional 6,641 shares during the period. Skylands Capital LLC increased its position in shares of GEN Restaurant Group by 3.4% in the fourth quarter. Skylands Capital LLC now owns 243,992 shares of the company’s stock worth $1,825,000 after acquiring an additional 8,092 shares in the last quarter. Finally, Sanders Morris Harris LLC raised its holdings 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 valued at $1,628,000 after acquiring an additional 27,591 shares during the period. Institutional investors and hedge funds own 10.22% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “buy” rating and issued a $14.00 price objective on shares of GEN Restaurant Group in a research note on Monday, November 18th.

Insider Activity

In related news, CEO David Wook Jin Kim acquired 4,277 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of $7.36 per share, with a total value of $31,478.72. Following the completion of the transaction, the chief executive officer now owns 151,870 shares of the company’s stock, valued at approximately $1,117,763.20. This trade represents a 2.90 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 61.13% of the stock is owned by corporate insiders.

GEN Restaurant Group Stock Down 2.2 %

Shares of GEN Restaurant Group stock opened at $5.67 on Tuesday. GEN Restaurant Group, Inc. has a 1 year low of $5.26 and a 1 year high of $14.46. The company has a market cap of $185.98 million, a P/E ratio of 33.35 and a beta of 1.89. 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 stock has a 50-day moving average price of $6.60 and a 200 day moving average price of $7.82.

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.