Polar Asset Management Partner Sells 2,303 Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) Stock

GEN Restaurant Group, Inc. (NASDAQ:GENK) major shareholder Polar Asset Management Partner sold 2,303 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $8.83, for a total value of $20,335.49. Following the completion of the sale, the insider now owns 415,743 shares in the company, valued at approximately $3,671,010.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Polar Asset Management Partner also recently made the following trade(s):

• On Friday, November 10th, Polar Asset Management Partner sold 1,854 shares of GEN Restaurant Group stock. The shares were sold at an average price of $8.86, for a total value of $16,426.44.

GEN Restaurant Group Price Performance

Shares of GENK stock opened at $7.41 on Thursday. The company has a 50-day moving average of $10.69. GEN Restaurant Group, Inc. has a 1-year low of $7.25 and a 1-year high of $20.50. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt-to-equity ratio of 0.22.

Institutional Investors Weigh In On GEN Restaurant Group

Several large investors have recently added to or reduced their stakes in GENK. Skylands Capital LLC bought a new stake in shares of GEN Restaurant Group in the 2nd quarter valued at about $850,000. Wasatch Advisors LP bought a new stake in shares of GEN Restaurant Group in the 2nd quarter valued at about $6,987,000. Russell Investments Group Ltd. bought a new stake in shares of GEN Restaurant Group in the 2nd quarter valued at about $619,000. Cruiser Capital Advisors LLC bought a new stake in shares of GEN Restaurant Group in the 2nd quarter valued at about $340,000. Finally, Sei Investments Co. bought a new stake in shares of GEN Restaurant Group in the 2nd quarter valued at about $351,000.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GENK. Roth Capital reaffirmed a “buy” rating on shares of GEN Restaurant Group in a research report on Monday, July 24th. Roth Mkm started coverage on GEN Restaurant Group in a research note on Monday, July 24th. They issued a “buy” rating and a $23.00 price target for the company. Benchmark reduced their price target on GEN Restaurant Group from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Craig Hallum cut their target price on GEN Restaurant Group from $27.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday.

About GEN Restaurant Group

GEN Restaurant Group, Inc operates restaurants in California, Arizona, Hawaii, Nevada, New York, and Texas. Its restaurants specialize in various flavored meats for Korean barbeque. The company was founded in 2011 and is based in Cerritos, California.