GEN Restaurant Group, Inc. (NASDAQ:GENK) Shares Acquired by Northern Trust Corp

Northern Trust Corp raised its stake in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) by 68.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,071 shares of the company’s stock after purchasing an additional 10,176 shares during the period. Northern Trust Corp owned 0.08% of GEN Restaurant Group worth $188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GENK. Skylands Capital LLC lifted its stake in GEN Restaurant Group by 3.4% in the 4th quarter. Skylands Capital LLC now owns 243,992 shares of the company’s stock worth $1,825,000 after purchasing an additional 8,092 shares in the last quarter. Diametric Capital LP increased its stake in shares of 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 buying an additional 42,175 shares during the period. Renaissance Technologies LLC increased its position in shares of GEN Restaurant Group by 235.8% in the 4th quarter. Renaissance Technologies LLC now owns 54,400 shares of the company’s stock valued at $407,000 after purchasing an additional 38,200 shares during the last quarter. Finally, Wasatch Advisors LP lifted its holdings in GEN Restaurant Group by 17.7% during the 4th quarter. Wasatch Advisors LP now owns 986,957 shares of the company’s stock worth $7,382,000 after buying an additional 148,506 shares during the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

GEN Restaurant Group Trading Up 0.9%

NASDAQ:GENK opened at $3.33 on Tuesday. The company has a market capitalization of $110.35 million, a PE ratio of 19.59 and a beta of 1.67. GEN Restaurant Group, Inc. has a 52-week low of $3.16 and a 52-week high of $11.53. The stock’s 50 day moving average price is $4.33 and its 200 day moving average price is $5.97. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.12.

GEN Restaurant Group (NASDAQ:GENK) last announced its earnings results on Tuesday, May 13th. The company reported $0.04 EPS for the quarter. GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. The business had revenue of $57.34 million for the quarter, compared to analysts’ expectations of $61.09 million. On average, research analysts anticipate that GEN Restaurant Group, Inc. will post 0.01 EPS for the current year.

GEN Restaurant Group Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, June 9th.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GENK. Benchmark reduced their price objective on shares of GEN Restaurant Group from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, May 15th. Roth Capital set a $10.00 price target on shares of GEN Restaurant Group in a research report on Friday, March 7th.

Insider Buying and Selling

In related news, Director Michael Cowan purchased 30,000 shares of the firm’s stock in a transaction that occurred on Friday, May 30th. The stock was purchased at an average cost of $3.30 per share, with a total value of $99,000.00. Following the completion of the acquisition, the director now directly owns 34,167 shares in the company, valued at $112,751.10. This trade represents a 719.94% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 59.10% of the company’s stock.

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.