GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO Acquires $101,125.00 in Stock

GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO David Wook Jin Kim purchased 12,500 shares of the business’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $8.09 per share, for a total transaction of $101,125.00. Following the completion of the purchase, the chief executive officer now owns 147,593 shares of the company’s stock, valued at $1,194,027.37. This represents a 9.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, November 21st, David Wook Jin Kim acquired 3,954 shares of GEN Restaurant Group stock. The shares were bought 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 bought 1,000 shares of GEN Restaurant Group stock. The stock was bought at an average price of $7.90 per share, with a total value of $7,900.00.

GEN Restaurant Group Stock Performance

GEN Restaurant Group stock traded down $0.69 during midday trading on Wednesday, hitting $7.21. 180,091 shares of the company’s stock were exchanged, compared to its average volume of 60,337. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a market cap of $236.49 million, a price-to-earnings ratio of 42.41 and a beta of 1.93. GEN Restaurant Group, Inc. has a 12-month low of $5.61 and a 12-month high of $14.46. The firm’s 50 day simple moving average is $8.50 and its 200 day simple moving average is $8.71.

GEN Restaurant Group (NASDAQ:GENK) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share (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 firm had revenue of $49.11 million for the quarter, compared to analyst estimates of $49.90 million. During the same quarter last year, the company posted $0.08 earnings per share. Equities research analysts predict that GEN Restaurant Group, Inc. will post 0.01 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GENK. Apis Capital Advisors LLC purchased a new stake in GEN Restaurant Group during the second quarter worth about $91,000. Connors Investor Services Inc. acquired a new position in shares of GEN Restaurant Group during the 2nd quarter worth approximately $124,000. SkyView Investment Advisors LLC purchased a new stake in GEN Restaurant Group in the 2nd quarter valued at approximately $154,000. Renaissance Technologies LLC grew its holdings in GEN Restaurant Group by 86.2% during the 2nd quarter. Renaissance Technologies LLC now owns 35,199 shares of the company’s stock valued at $319,000 after buying an additional 16,299 shares during the last quarter. Finally, Geode Capital Management LLC increased its position 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 worth $393,000 after buying an additional 2,427 shares in the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark reiterated 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.