Benchmark Lowers GEN Restaurant Group (NASDAQ:GENK) Price Target to $11.00

GEN Restaurant Group (NASDAQ:GENK) had its price target lowered by Benchmark from $14.00 to $11.00 in a research report report published on Friday,Benzinga reports. Benchmark currently has a buy rating on the stock.

GEN Restaurant Group Stock Performance

GENK opened at $6.25 on Friday. 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 business has a fifty day simple moving average of $6.41 and a 200 day simple moving average of $7.71. GEN Restaurant Group has a 1 year low of $5.00 and a 1 year high of $14.46. The company has a market capitalization of $205 million, a PE ratio of 36.76 and a beta of 1.89.

GEN Restaurant Group (NASDAQ:GENK) last announced its earnings results on Thursday, March 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. The business had revenue of $54.65 million during the quarter, compared to the consensus estimate of $49.77 million. Research analysts expect that GEN Restaurant Group will post 0.01 EPS for the current year.

Insiders Place Their Bets

In related news, CEO David Wook Jin Kim purchased 4,277 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average cost of $7.36 per share, for a total transaction of $31,478.72. Following the completion of the purchase, the chief executive officer now owns 151,870 shares in the company, valued at approximately $1,117,763.20. This represents a 2.90 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 61.13% of the company’s stock.

Hedge Funds Weigh In On GEN Restaurant Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP grew its holdings in shares of GEN Restaurant Group by 72.7% during the 3rd quarter. Wasatch Advisors LP now owns 838,451 shares of the company’s stock worth $7,077,000 after purchasing an additional 352,922 shares in the last quarter. Diametric Capital LP lifted its position in GEN Restaurant Group by 163.7% during the fourth quarter. Diametric Capital LP now owns 67,933 shares of the company’s stock worth $508,000 after purchasing an additional 42,175 shares during the period. Renaissance Technologies LLC grew its stake in GEN Restaurant Group by 235.8% during the fourth quarter. Renaissance Technologies LLC now owns 54,400 shares of the company’s stock worth $407,000 after buying an additional 38,200 shares in the last quarter. Sanders Morris Harris LLC increased its holdings in GEN Restaurant Group by 14.3% in the 4th quarter. Sanders Morris Harris LLC now owns 219,990 shares of the company’s stock valued at $1,628,000 after buying an additional 27,591 shares during the period. Finally, Northern Trust Corp raised its position in shares of GEN Restaurant Group by 68.3% in the 4th quarter. Northern Trust Corp now owns 25,071 shares of the company’s stock valued at $188,000 after buying an additional 10,176 shares in the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.

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.