GEN Restaurant Group, Inc. (NASDAQ:GENK) Short Interest Up 48.5% in March

GEN Restaurant Group, Inc. (NASDAQ:GENK) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 479,300 shares, a growth of 48.5% from the February 28th total of 322,800 shares. Based on an average daily volume of 105,700 shares, the short-interest ratio is presently 4.5 days. Approximately 9.9% of the company’s shares are short sold.

GEN Restaurant Group Trading Down 3.5 %

GENK traded down $0.20 on Friday, reaching $5.58. 41,916 shares of the company traded hands, compared to its average volume of 67,195. The company has a market cap of $184.90 million, a P/E ratio of 32.82 and a beta of 1.89. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. GEN Restaurant Group has a one year low of $5.00 and a one year high of $14.46. The firm has a fifty day simple moving average of $5.95 and a two-hundred day simple moving average of $7.41.

GEN Restaurant Group (NASDAQ:GENK) last posted its quarterly earnings results on Thursday, March 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $54.65 million for 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%. As a group, equities research analysts expect that GEN Restaurant Group will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Benchmark decreased their price objective on shares of GEN Restaurant Group from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Roth Capital set a $10.00 price target on GEN Restaurant Group in a research note on Friday, March 7th.

Institutional Investors Weigh In On GEN Restaurant Group

Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of GEN Restaurant Group by 5.5% in the third quarter. Geode Capital Management LLC now owns 46,496 shares of the company’s stock valued at $393,000 after acquiring an additional 2,427 shares in the last quarter. Portolan Capital Management LLC increased its position in GEN Restaurant Group by 1.8% during the 3rd quarter. Portolan Capital Management LLC now owns 372,759 shares of the company’s stock valued at $3,146,000 after purchasing an additional 6,641 shares during the period. Skylands Capital LLC raised its holdings in shares of GEN Restaurant Group by 3.4% in the 4th quarter. Skylands Capital LLC now owns 243,992 shares of the company’s stock valued at $1,825,000 after purchasing an additional 8,092 shares in the last quarter. Northern Trust Corp raised its holdings in shares of GEN Restaurant Group by 68.3% in the 4th quarter. Northern Trust Corp now owns 25,071 shares of the company’s stock valued at $188,000 after purchasing an additional 10,176 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC purchased a new stake in shares of GEN Restaurant Group in the 4th quarter worth approximately $143,000. 10.22% of the stock is currently owned by hedge funds and other institutional investors.

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.