David Wook Jin Kim Buys 12,500 Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) Stock

GEN Restaurant Group, Inc. (NASDAQ:GENK) CEO David Wook Jin Kim purchased 12,500 shares of the business’s stock in a transaction on Monday, December 16th. The stock was purchased at an average cost of $8.09 per share, for a total transaction of $101,125.00. Following the completion of the acquisition, the chief executive officer now directly owns 147,593 shares of the company’s stock, valued at approximately $1,194,027.37. The trade was a 9.25 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, November 21st, David Wook Jin Kim purchased 3,954 shares of GEN Restaurant Group stock. The stock was acquired 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 purchased 1,000 shares of GEN Restaurant Group stock. The shares were acquired at an average price of $7.90 per share, for a total transaction of $7,900.00.

GEN Restaurant Group Stock Performance

Shares of GENK stock traded down $0.69 on Wednesday, hitting $7.21. The company had a trading volume of 180,091 shares, compared to its average volume of 60,337. The firm has a market cap of $236.49 million, a P/E ratio of 42.41 and a beta of 1.93. GEN Restaurant Group, Inc. has a twelve month low of $5.61 and a twelve month high of $14.46. The company has a 50-day moving average price of $8.50 and a 200-day moving average price of $8.71. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.12.

GEN Restaurant Group (NASDAQ:GENK) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $49.11 million during the quarter, compared to analysts’ expectations of $49.90 million. GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. During the same quarter in the previous year, the company earned $0.08 earnings per share. As a group, equities research analysts predict that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GEN Restaurant Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of GEN Restaurant Group by 487.8% during the first quarter. Vanguard Group Inc. now owns 164,574 shares of the company’s stock worth $1,922,000 after purchasing an additional 136,578 shares in the last quarter. Skylands Capital LLC increased its stake in 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 buying an additional 28,960 shares during the period. Renaissance Technologies LLC lifted its holdings in GEN Restaurant Group by 86.2% during the 2nd quarter. Renaissance Technologies LLC now owns 35,199 shares of the company’s stock worth $319,000 after buying an additional 16,299 shares in the last quarter. Connors Investor Services Inc. purchased a new position in GEN Restaurant Group in the 2nd quarter valued at approximately $124,000. Finally, Resolute Capital Asset Partners LLC grew its stake in shares of 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 worth $675,000 after acquiring an additional 64,520 shares in the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark restated a “buy” rating and set 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.