GEN Restaurant Group, Inc. (NASDAQ:GENK) Stock Position Decreased by Two Sigma Investments LP

Two Sigma Investments LP decreased its holdings in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) by 29.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,813 shares of the company’s stock after selling 8,006 shares during the period. Two Sigma Investments LP’s holdings in GEN Restaurant Group were worth $141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Northern Trust Corp grew its holdings in shares of GEN Restaurant Group by 68.3% during the fourth quarter. Northern Trust Corp now owns 25,071 shares of the company’s stock valued at $188,000 after purchasing an additional 10,176 shares during the last quarter. Skylands Capital LLC boosted its position in GEN Restaurant Group by 3.4% during the 4th quarter. Skylands Capital LLC now owns 243,992 shares of the company’s stock valued at $1,825,000 after purchasing an additional 8,092 shares during the period. Renaissance Technologies LLC grew its stake in GEN Restaurant Group by 235.8% during the 4th quarter. Renaissance Technologies LLC now owns 54,400 shares of the company’s stock worth $407,000 after buying an additional 38,200 shares during the last quarter. Wasatch Advisors LP grew its stake in GEN Restaurant Group by 17.7% during the 4th quarter. Wasatch Advisors LP now owns 986,957 shares of the company’s stock worth $7,382,000 after buying an additional 148,506 shares during the last quarter. Finally, Diametric Capital LP increased its position in GEN Restaurant Group by 163.7% in the fourth quarter. Diametric Capital LP now owns 67,933 shares of the company’s stock worth $508,000 after buying an additional 42,175 shares during the period. Institutional investors own 10.22% of the company’s stock.

Insider Buying and Selling at GEN Restaurant Group

In other news, Director Michael Cowan purchased 30,000 shares of the firm’s stock in a transaction on Friday, May 30th. The stock was purchased at an average cost of $3.30 per share, with a total value of $99,000.00. Following the purchase, the director now owns 34,167 shares in the company, valued at $112,751.10. This trade represents a 719.94% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 59.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GENK. Roth Capital set a $10.00 price target on shares of GEN Restaurant Group in a report on Friday, March 7th. Benchmark cut their price objective on shares of GEN Restaurant Group from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, May 15th.

GEN Restaurant Group Stock Performance

Shares of NASDAQ GENK opened at $4.08 on Friday. GEN Restaurant Group, Inc. has a 12-month low of $3.16 and a 12-month high of $10.84. The company has a market cap of $135.20 million, a PE ratio of 24.00 and a beta of 1.24. The stock has a 50 day simple moving average of $4.17 and a 200-day simple moving average of $5.79. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12.

GEN Restaurant Group (NASDAQ:GENK) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter. GEN Restaurant Group had a return on equity of 1.83% and a net margin of 0.39%. The company had revenue of $57.34 million during the quarter, compared to analysts’ expectations of $61.09 million. On average, equities research analysts forecast that GEN Restaurant Group, Inc. will post 0.01 EPS for the current year.

GEN Restaurant Group Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Monday, June 9th.

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.