GEN Restaurant Group, Inc. (NASDAQ:GENK) Stock Short Interest Report for October

GEN Restaurant Group, Inc. (NASDAQ:GENK) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,118,475 shares, an increase of 288.8% from the September 30th total of 287,648 shares. Approximately 8.3% of the shares of the company are sold short. Based on an average trading volume of 5,286,523 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GENK. Zacks Research upgraded GEN Restaurant Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of GEN Restaurant Group from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $3.00.

GEN Restaurant Group Price Performance

Shares of GENK stock traded up $0.03 on Thursday, reaching $1.63. The company’s stock had a trading volume of 33,780 shares, compared to its average volume of 373,983. The stock’s fifty day simple moving average is $1.72 and its 200-day simple moving average is $1.89. GEN Restaurant Group has a 1 year low of $1.39 and a 1 year high of $3.12. The company has a market capitalization of $53.74 million, a price-to-earnings ratio of -1.96 and a beta of 0.98. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 0.58.

GEN Restaurant Group (NASDAQ:GENK) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06). The business had revenue of $55.73 million during the quarter, compared to analysts’ expectations of $57.20 million. GEN Restaurant Group had a negative net margin of 2.09% and a negative return on equity of 7.76%. Analysts forecast that GEN Restaurant Group will post -0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GEN Restaurant Group

An institutional investor recently bought a new position in GEN Restaurant Group stock. Sanders Morris Harris LLC purchased a new position in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 609,102 shares of the company’s stock, valued at approximately $1,060,000. Sanders Morris Harris LLC owned about 1.85% of GEN Restaurant Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 10.22% of the company’s stock.

About GEN Restaurant Group

GEN Restaurant Group, Inc operates GEN Korean BBQ, an Asian-inspired restaurant concept specializing in Korean barbecue. Its restaurants offer an all-you-can-eat dining experience in which guests select from a menu of marinated meats, seafood, vegetables, appetizers and other Korean- and Asian-influenced dishes that are prepared on tabletop grills.

The company’s menu typically includes items such as bulgogi, spicy pork, chicken, beef, shrimp and other barbecue selections, along with traditional Korean side dishes and sauces.