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

GEN Restaurant Group, Inc. (NASDAQ:GENK) was the target 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 volume of 68,226 shares, the short-interest ratio is currently 8.8 days. Currently, 4.5% of the company’s shares are sold short. Currently, 4.5% of the company’s shares are sold short. Based on an average daily volume of 68,226 shares, the short-interest ratio is currently 8.8 days.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On GEN Restaurant Group

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

GEN Restaurant Group Stock Up 1.9%

Shares of NASDAQ GENK traded up $0.04 during midday trading on Tuesday, hitting $2.07. 2,783 shares of the stock traded hands, compared to its average volume of 52,745. The company has a market cap of $68.15 million, a PE ratio of -7.96 and a beta of 1.47. GEN Restaurant Group has a one year low of $2.02 and a one year high of $7.41. The business has a 50 day moving average price of $2.35 and a two-hundred day moving average price of $2.89. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.30 and a current ratio of 0.33.

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

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.