GEN Restaurant Group, Inc. (NASDAQ:GENK) Short Interest Up 6.3% in August

GEN Restaurant Group, Inc. (NASDAQ:GENK) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 137,400 shares, a growth of 6.3% from the August 15th total of 129,200 shares. Approximately 3.3% of the shares of the stock are sold short. Based on an average daily volume of 54,500 shares, the days-to-cover ratio is currently 2.5 days.

GEN Restaurant Group Price Performance

Shares of NASDAQ GENK traded down $0.01 during mid-day trading on Tuesday, reaching $8.38. The company’s stock had a trading volume of 37,813 shares, compared to its average volume of 64,820. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.05 and a quick ratio of 1.04. GEN Restaurant Group has a 52 week low of $5.61 and a 52 week high of $14.46. The stock has a fifty day moving average of $8.53 and a two-hundred day moving average of $9.43. The firm has a market capitalization of $271.50 million, a PE ratio of 46.61 and a beta of 2.32.

GEN Restaurant Group (NASDAQ:GENK) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. GEN Restaurant Group had a return on equity of 2.76% and a net margin of 0.56%. The business had revenue of $53.86 million during the quarter, compared to the consensus estimate of $50.30 million. As a group, sell-side analysts anticipate that GEN Restaurant Group will post 0.01 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Roth Mkm reduced their price objective on shares of GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, August 1st.

Hedge Funds Weigh In On GEN Restaurant Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP lifted its stake in GEN Restaurant Group by 23.6% in the 4th quarter. Wasatch Advisors LP now owns 657,738 shares of the company’s stock worth $5,150,000 after purchasing an additional 125,542 shares in the last quarter. Sanders Morris Harris LLC purchased a new stake in shares of GEN Restaurant Group in the first quarter worth about $2,628,000. Skylands Capital LLC boosted its stake in GEN Restaurant Group by 19.6% during the second quarter. Skylands Capital LLC now owns 176,360 shares of the company’s stock valued at $1,598,000 after buying an additional 28,960 shares during the last quarter. Vanguard Group Inc. grew its holdings in GEN Restaurant Group by 487.8% during the 1st quarter. Vanguard Group Inc. now owns 164,574 shares of the company’s stock valued at $1,922,000 after buying an additional 136,578 shares in the last quarter. Finally, Herr Investment Group LLC purchased a new position in GEN Restaurant Group during the 2nd quarter valued at approximately $738,000. Institutional investors own 10.22% 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.