GEN Restaurant Group, Inc. (NASDAQ:GENK) Short Interest Up 48.5% in March

GEN Restaurant Group, Inc. (NASDAQ:GENK) saw a large increase in short interest in 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. Based on an average daily trading volume, of 105,700 shares, the days-to-cover ratio is currently 4.5 days. Currently, 9.9% of the company’s shares are short sold.

GEN Restaurant Group Price Performance

Shares of GENK opened at $5.52 on Tuesday. The business’s fifty day moving average is $5.92 and its 200 day moving average is $7.38. GEN Restaurant Group has a 12-month low of $5.00 and a 12-month high of $14.46. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. The stock has a market cap of $182.92 million, a P/E ratio of 32.47 and a beta of 1.89.

GEN Restaurant Group (NASDAQ:GENK) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $54.65 million for the quarter, compared to analyst estimates of $49.77 million. GEN Restaurant Group had a return on equity of 1.83% and a net margin of 0.39%. Sell-side analysts anticipate that GEN Restaurant Group will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GEN Restaurant Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wasatch Advisors LP increased 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 purchasing an additional 148,506 shares in the last quarter. Portolan Capital Management LLC grew its holdings in GEN Restaurant Group by 1.8% during the third quarter. Portolan Capital Management LLC now owns 372,759 shares of the company’s stock worth $3,146,000 after buying an additional 6,641 shares in the last quarter. Skylands Capital LLC grew its holdings in GEN Restaurant Group by 3.4% during the fourth 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 in the last quarter. Sanders Morris Harris LLC raised its position in GEN Restaurant Group by 14.3% in 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 during the last quarter. Finally, Diametric Capital LP lifted its stake in GEN Restaurant Group by 163.7% during the 4th quarter. Diametric Capital LP now owns 67,933 shares of the company’s stock valued at $508,000 after acquiring an additional 42,175 shares in the last quarter. Institutional investors and hedge funds own 10.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GENK shares. Benchmark dropped their target price on shares of 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. Roth Capital set a $10.00 price objective on shares of GEN Restaurant Group in a research report on Friday, March 7th.

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.