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 company’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $7.36 per share, with a total value of $31,478.72. Following the purchase, the chief executive officer now directly owns 151,870 shares of the company’s stock, valued at approximately $1,117,763.20. The trade was a 2.90 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

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

GEN Restaurant Group Trading Up 2.4 %

GENK traded up $0.17 during trading on Thursday, reaching $7.38. 98,611 shares of the stock traded hands, compared to its average volume of 60,495. The stock’s 50-day moving average is $8.48 and its 200 day moving average is $8.70. GEN Restaurant Group, Inc. has a 12 month low of $5.61 and a 12 month high of $14.46. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $242.06 million, a PE ratio of 43.41 and a beta of 1.93.

GEN Restaurant Group (NASDAQ:GENK) last issued its earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The business had revenue of $49.11 million during 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 period in the previous year, the company posted $0.08 earnings per share. Equities analysts anticipate that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Skylands Capital LLC raised its position in shares of GEN Restaurant Group by 19.6% during the second quarter. Skylands Capital LLC now owns 176,360 shares of the company’s stock worth $1,598,000 after purchasing an additional 28,960 shares during the period. Renaissance Technologies LLC increased its stake 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 purchasing an additional 16,299 shares in the last quarter. Connors Investor Services Inc. acquired a new position in GEN Restaurant Group during the second quarter worth $124,000. Resolute Capital Asset Partners LLC lifted its stake in shares of GEN Restaurant Group by 645.2% in 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 in the last quarter. Finally, Herr Investment Group LLC acquired a new position in shares of GEN Restaurant Group during the second quarter valued at about $738,000. 10.22% of the stock is owned by 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.