GEN Restaurant Group, Inc. (NASDAQ:GENK) Sees Significant Growth in Short Interest

GEN Restaurant Group, Inc. (NASDAQ:GENK) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 479,300 shares, an increase of 48.5% from the February 28th total of 322,800 shares. Currently, 9.9% of the company’s stock are sold short. Based on an average daily trading volume, of 105,700 shares, the short-interest ratio is currently 4.5 days.

Wall Street Analysts Forecast Growth

GENK has been the topic of a number of research analyst reports. Roth Capital set a $10.00 target price on GEN Restaurant Group in a research note on Friday, March 7th. Benchmark cut their price objective on GEN Restaurant Group from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, March 7th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wasatch Advisors LP raised its stake in GEN Restaurant Group by 72.7% in the 3rd quarter. Wasatch Advisors LP now owns 838,451 shares of the company’s stock valued at $7,077,000 after acquiring an additional 352,922 shares during the period. Portolan Capital Management LLC increased its stake 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 worth $3,146,000 after purchasing an additional 6,641 shares in the last quarter. Geode Capital Management LLC raised its position in shares of GEN Restaurant Group by 5.5% in the third quarter. Geode Capital Management LLC now owns 46,496 shares of the company’s stock valued at $393,000 after purchasing an additional 2,427 shares during the period. Sanders Morris Harris LLC lifted its stake in shares of GEN Restaurant Group by 14.3% during 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 in the last quarter. Finally, Skylands Capital LLC boosted its holdings 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 buying an additional 8,092 shares during the period. Hedge funds and other institutional investors own 10.22% of the company’s stock.

GEN Restaurant Group Stock Performance

Shares of GENK stock opened at $5.52 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.91. The firm has a market cap of $182.92 million, a price-to-earnings ratio of 32.47 and a beta of 1.89. GEN Restaurant Group has a 52 week low of $5.00 and a 52 week high of $14.46. The firm’s 50-day simple moving average is $5.92 and its two-hundred day simple moving average is $7.38.

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

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.