GEN Restaurant Group, Inc. (NASDAQ:GENK) Short Interest Down 14.3% in January

GEN Restaurant Group, Inc. (NASDAQ:GENK) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 600,161 shares, a drop of 14.3% from the December 31st total of 700,342 shares. Based on an average daily trading volume, of 68,226 shares, the short-interest ratio is presently 8.8 days. Approximately 4.5% of the company’s shares are short sold. Approximately 4.5% of the company’s shares are short sold. Based on an average daily trading volume, of 68,226 shares, the short-interest ratio is presently 8.8 days.

GEN Restaurant Group Price Performance

Shares of NASDAQ GENK opened at $2.04 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.16. GEN Restaurant Group has a fifty-two week low of $1.99 and a fifty-two week high of $7.41. The business has a 50 day moving average price of $2.34 and a two-hundred day moving average price of $2.88. The firm has a market cap of $67.20 million, a PE ratio of -7.85 and a beta of 1.47.

GEN Restaurant Group (NASDAQ:GENK) last announced its earnings results on Friday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. GEN Restaurant Group had a positive return on equity of 0.51% and a negative net margin of 0.61%.The company had revenue of $50.42 million for the quarter, compared to analyst estimates of $54.25 million. Sell-side analysts expect that GEN Restaurant Group will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Roth Mkm dropped their price objective on shares of GEN Restaurant Group from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of GEN Restaurant Group in a research report on Thursday, January 22nd. Finally, Benchmark reaffirmed a “buy” rating on shares of GEN Restaurant Group in a research report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GENK. Goldman Sachs Group Inc. increased its position in shares of GEN Restaurant Group by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company’s stock worth $296,000 after purchasing an additional 12,296 shares during the last quarter. XTX Topco Ltd bought a new stake in GEN Restaurant Group in the second quarter valued at about $49,000. Jones Financial Companies Lllp raised its stake in GEN Restaurant Group by 1,376,466.7% during the first quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company’s stock valued at $228,000 after buying an additional 41,294 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in GEN Restaurant Group during the second quarter valued at approximately $191,000. Finally, Sanders Morris Harris LLC lifted its holdings in GEN Restaurant Group by 35.3% during the 2nd quarter. Sanders Morris Harris LLC now owns 269,992 shares of the company’s stock worth $1,053,000 after buying an additional 70,502 shares during the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.

About GEN Restaurant Group

GEN Restaurant Group, Inc, operating as Gen Korean BBQ House, is a restaurant operator specializing in an all-you-can-eat Korean barbecue dining concept. The company offers patrons a hands-on grilling experience with a selection of premium meats, seafood, and vegetables cooked tableside, alongside traditional Korean side dishes and beverages. Gen Korean BBQ House locations feature modern décor and a fast-casual service style designed to appeal to a broad demographic of consumers seeking experiential dining.

The company’s restaurants serve a core menu of marinated and non-marinated proteins, including beef, pork, chicken and plant-based alternatives, complemented by signature banchan (side dishes), sauces and dessert offerings.