David Wook Jin Kim Purchases 4,277 Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) Stock

GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO David Wook Jin Kim purchased 4,277 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $7.36 per share, with a total value of $31,478.72. Following the acquisition, the chief executive officer now directly owns 151,870 shares of the company’s stock, valued at $1,117,763.20. This trade represents a 2.90 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, December 16th, David Wook Jin Kim bought 12,500 shares of GEN Restaurant Group stock. The shares were purchased at an average cost of $8.09 per share, with a total value of $101,125.00.
• On Thursday, November 21st, David Wook Jin Kim purchased 3,954 shares of GEN Restaurant Group stock. The shares were purchased at an average cost of $7.90 per share, for a total transaction of $31,236.60.
• On Tuesday, November 19th, David Wook Jin Kim acquired 1,000 shares of GEN Restaurant Group stock. The stock was purchased at an average price of $7.90 per share, with a total value of $7,900.00.

GEN Restaurant Group Stock Up 2.0 %

Shares of NASDAQ GENK opened at $7.53 on Friday. The stock has a market capitalization of $246.98 million, a PE ratio of 44.29 and a beta of 1.93. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12. GEN Restaurant Group, Inc. has a 12-month low of $5.61 and a 12-month high of $14.46. The stock’s fifty day simple moving average is $8.46 and its two-hundred day simple moving average is $8.67.

GEN Restaurant Group (NASDAQ:GENK) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $49.11 million for the quarter, compared to the consensus estimate 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 quarter last year, the company earned $0.08 earnings per share. As a group, analysts expect that GEN Restaurant Group, Inc. will post 0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wasatch Advisors LP increased 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 buying an additional 352,922 shares in the last quarter. Herr Investment Group LLC purchased a new stake in shares of GEN Restaurant Group during the second quarter worth about $738,000. Resolute Capital Asset Partners LLC increased its holdings in shares of GEN Restaurant Group by 645.2% during the second quarter. Resolute Capital Asset Partners LLC now owns 74,520 shares of the company’s stock valued at $675,000 after acquiring an additional 64,520 shares in the last quarter. Skylands Capital LLC raised its position in shares of GEN Restaurant Group by 19.6% in the 2nd quarter. Skylands Capital LLC now owns 176,360 shares of the company’s stock valued at $1,598,000 after purchasing an additional 28,960 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in GEN Restaurant Group in the 2nd quarter worth approximately $154,000. 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.