GEN Restaurant Group (NASDAQ:GENK) Given “Buy” Rating at Benchmark

GEN Restaurant Group (NASDAQ:GENK)‘s stock had its “buy” rating restated by equities researchers at Benchmark in a report issued on Monday, November 18th,Benzinga reports. They presently have a $14.00 target price on the stock. Benchmark’s target price points to a potential upside of 72.20% from the company’s current price.

Separately, Roth Mkm lowered their price target on shares of GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, August 1st.

GEN Restaurant Group Stock Performance

Shares of NASDAQ:GENK traded down $0.02 on Monday, reaching $8.13. 7,313 shares of the company’s stock were exchanged, compared to its average volume of 60,705. The company has a fifty day moving average of $8.51 and a 200-day moving average of $9.10. GEN Restaurant Group has a twelve month low of $5.61 and a twelve month high of $14.46. The company has a market capitalization of $266.66 million, a price-to-earnings ratio of 47.82 and a beta of 2.12. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12.

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

Insider Activity at GEN Restaurant Group

In related news, CEO David Wook Jin Kim acquired 3,954 shares of GEN Restaurant Group stock in a transaction that occurred on Thursday, November 21st. The shares were purchased at an average cost of $7.90 per share, for a total transaction of $31,236.60. Following the acquisition, the chief executive officer now owns 135,093 shares in the company, valued at approximately $1,067,234.70. This represents a 3.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 61.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP lifted its position in 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 acquiring an additional 352,922 shares in the last quarter. Portolan Capital Management LLC lifted its holdings in shares of GEN Restaurant Group by 1.8% in the third quarter. Portolan Capital Management LLC now owns 372,759 shares of the company’s stock valued at $3,146,000 after buying an additional 6,641 shares during the period. 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. Bard Associates Inc. raised its position in shares of GEN Restaurant Group by 1.7% during the third quarter. Bard Associates Inc. now owns 175,676 shares of the company’s stock worth $1,483,000 after purchasing an additional 2,956 shares during the period. Finally, Vanguard Group Inc. raised its position in GEN Restaurant Group by 487.8% during the first quarter. Vanguard Group Inc. now owns 164,574 shares of the company’s stock valued at $1,922,000 after buying an additional 136,578 shares during the period. Institutional investors and hedge funds own 10.22% of the company’s stock.

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.