Insider Buying: GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO Acquires 3,954 Shares of Stock

GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO David Wook Jin Kim acquired 3,954 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was purchased at an average price of $7.90 per share, for a total transaction of $31,236.60. Following the completion of the acquisition, the chief executive officer now owns 135,093 shares in the company, valued at approximately $1,067,234.70. This trade represents a 3.02 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, November 19th, David Wook Jin Kim acquired 1,000 shares of GEN Restaurant Group stock. The stock was acquired at an average cost of $7.90 per share, with a total value of $7,900.00.

GEN Restaurant Group Trading Up 1.7 %

GENK opened at $8.22 on Thursday. GEN Restaurant Group, Inc. has a 12-month low of $5.61 and a 12-month high of $14.46. 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 stock has a market capitalization of $269.62 million, a PE ratio of 48.35 and a beta of 2.12. The firm’s fifty day moving average price is $8.50 and its 200 day moving average price is $9.08.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GENK. Vanguard Group Inc. increased its holdings in shares of GEN Restaurant Group by 487.8% in the 1st quarter. Vanguard Group Inc. now owns 164,574 shares of the company’s stock worth $1,922,000 after acquiring an additional 136,578 shares during the period. SkyView Investment Advisors LLC acquired a new stake in shares of GEN Restaurant Group in the second quarter valued at approximately $154,000. Resolute Capital Asset Partners LLC raised 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 buying an additional 64,520 shares during the last quarter. Herr Investment Group LLC acquired a new position in shares of GEN Restaurant Group during the second quarter worth approximately $738,000. Finally, Renaissance Technologies LLC grew its holdings in 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 in the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on GENK. Roth Mkm dropped their target price on GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Benchmark reaffirmed a “buy” rating and set a $14.00 target price on shares of GEN Restaurant Group in a research 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.