Short Interest in GEN Restaurant Group, Inc. (NASDAQ:GENK) Decreases By 14.8%

GEN Restaurant Group, Inc. (NASDAQ:GENK) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 578,941 shares, a decline of 14.8% from the February 26th total of 679,256 shares. Based on an average daily volume of 37,998 shares, the short-interest ratio is presently 15.2 days. Approximately 4.3% of the shares of the company are sold short.

GEN Restaurant Group Stock Performance

Shares of GENK traded up $0.09 during trading hours on Tuesday, reaching $1.97. 33,659 shares of the company’s stock traded hands, compared to its average volume of 48,900. GEN Restaurant Group has a twelve month low of $1.50 and a twelve month high of $5.63. The business’s fifty day simple moving average is $1.90 and its two-hundred day simple moving average is $2.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.33 and a quick ratio of 0.30. The firm has a market capitalization of $64.73 million, a price-to-earnings ratio of -7.56 and a beta of 1.46.

Institutional Trading of GEN Restaurant Group

A number of institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in GEN Restaurant Group during the second quarter worth approximately $49,000. Goldman Sachs Group Inc. increased its holdings in shares of GEN Restaurant Group by 36.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 75,478 shares of the company’s stock valued at $159,000 after buying an additional 20,265 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of GEN Restaurant Group during the 2nd quarter valued at $191,000. Jones Financial Companies Lllp boosted its stake in shares of GEN Restaurant Group by 1,376,466.7% during the 1st quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company’s stock worth $228,000 after acquiring an additional 41,294 shares in the last quarter. Finally, Sanders Morris Harris LLC boosted its stake in shares of GEN Restaurant Group by 75.0% during the 3rd quarter. Sanders Morris Harris LLC now owns 472,516 shares of the company’s stock worth $1,299,000 after acquiring an additional 202,524 shares in the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Roth Mkm cut their target price on shares of 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 reaffirmed a “sell (d)” rating on shares of GEN Restaurant Group in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, GEN Restaurant Group has a consensus rating of “Hold” and a consensus price target of $4.50.

GEN Restaurant Group Company Profile

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.