David Wook Jin Kim Acquires 4,277 Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) Stock

GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO David Wook Jin Kim acquired 4,277 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average cost of $7.36 per share, for a total transaction of $31,478.72. Following the acquisition, the chief executive officer now directly owns 151,870 shares in the company, valued at $1,117,763.20. This represents a 2.90 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

David Wook Jin Kim also recently made the following trade(s):

• On Monday, December 16th, David Wook Jin Kim purchased 12,500 shares of GEN Restaurant Group stock. The shares were acquired at an average price of $8.09 per share, for a total transaction of $101,125.00.
• On Thursday, November 21st, David Wook Jin Kim bought 3,954 shares of GEN Restaurant Group stock. The stock was bought at an average cost of $7.90 per share, with a total value of $31,236.60.
• On Tuesday, November 19th, David Wook Jin Kim acquired 1,000 shares of GEN Restaurant Group stock. The stock was acquired at an average price of $7.90 per share, for a total transaction of $7,900.00.

GEN Restaurant Group Price Performance

NASDAQ GENK traded up $0.17 during trading hours on Thursday, reaching $7.38. The company’s stock had a trading volume of 98,611 shares, compared to its average volume of 60,495. GEN Restaurant Group, Inc. has a 1 year low of $5.61 and a 1 year 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 company has a market capitalization of $242.06 million, a price-to-earnings ratio of 43.41 and a beta of 1.93. The firm’s 50-day moving average price is $8.48 and its 200-day moving average price is $8.70.

GEN Restaurant Group (NASDAQ:GENK) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. GEN Restaurant Group had a return on equity of 1.83% and a net margin of 0.39%. The firm had revenue of $49.11 million for the quarter, compared to analyst estimates of $49.90 million. During the same quarter last year, the firm posted $0.08 earnings per share. On average, equities research analysts predict that GEN Restaurant Group, Inc. will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On GEN Restaurant Group

A number of large investors have recently bought and sold shares of the business. Wasatch Advisors LP raised its position in shares of GEN Restaurant Group by 72.7% in the third quarter. Wasatch Advisors LP now owns 838,451 shares of the company’s stock valued at $7,077,000 after buying an additional 352,922 shares during the last quarter. Herr Investment Group LLC purchased a new stake in shares of GEN Restaurant Group during the 2nd quarter valued at approximately $738,000. Resolute Capital Asset Partners LLC raised its position in GEN Restaurant Group by 645.2% in the second quarter. Resolute Capital Asset Partners LLC now owns 74,520 shares of the company’s stock valued at $675,000 after purchasing an additional 64,520 shares during the period. Skylands Capital LLC increased its position in shares of GEN Restaurant Group by 19.6% during the 2nd quarter. Skylands Capital LLC now owns 176,360 shares of the company’s stock worth $1,598,000 after purchasing an additional 28,960 shares during the last quarter. Finally, SkyView Investment Advisors LLC purchased a new stake in GEN Restaurant Group in the 2nd quarter valued at about $154,000. Institutional investors and hedge funds own 10.22% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark restated a “buy” rating and issued a $14.00 price target on shares of GEN Restaurant Group in a research note on Monday, November 18th.

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.