GEN Restaurant Group, Inc. (NASDAQ:GENK) Short Interest Down 13.6% in July

GEN Restaurant Group, Inc. (NASDAQ:GENK) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 120,900 shares, a decrease of 13.6% from the July 15th total of 139,900 shares. Based on an average daily volume of 62,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.9% of the shares of the stock are sold short.

GEN Restaurant Group Trading Down 1.4 %

GENK traded down $0.12 on Friday, hitting $8.63. 27,929 shares of the company were exchanged, compared to its average volume of 68,248. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.94 and a current ratio of 1.05. The firm has a fifty day simple moving average of $8.86 and a two-hundred day simple moving average of $9.36. The stock has a market capitalization of $279.60 million, a PE ratio of 47.94 and a beta of 2.30. GEN Restaurant Group has a 12 month low of $5.61 and a 12 month high of $17.11.

GEN Restaurant Group (NASDAQ:GENK) last issued its earnings results on Tuesday, May 14th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.01 by $0.10. The company had revenue of $50.76 million for the quarter, compared to the consensus estimate of $47.90 million. GEN Restaurant Group had a net margin of 0.56% and a return on equity of 2.76%. Sell-side analysts expect that GEN Restaurant Group will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On GEN Restaurant Group

Hedge funds have recently modified their holdings of the company. Apis Capital Advisors LLC purchased a new stake in shares of GEN Restaurant Group during the second quarter worth about $91,000. Connors Investor Services Inc. purchased a new stake in GEN Restaurant Group in the 2nd quarter worth approximately $124,000. SkyView Investment Advisors LLC bought a new stake in shares of GEN Restaurant Group in the 2nd quarter worth approximately $154,000. Renaissance Technologies LLC grew its position in shares of GEN Restaurant Group by 86.2% in the 2nd quarter. Renaissance Technologies LLC now owns 35,199 shares of the company’s stock worth $319,000 after buying an additional 16,299 shares during the last quarter. Finally, Resolute Capital Asset Partners LLC increased its stake 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 buying an additional 64,520 shares during the period. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Benchmark restated a “buy” rating and issued a $14.00 target price on shares of GEN Restaurant Group in a research report on Thursday, May 16th. Craig Hallum boosted their price objective on shares of GEN Restaurant Group from $10.00 to $13.50 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Finally, Roth Mkm reduced their target price on shares of GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, August 1st.

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.