Sanders Morris Harris LLC Has $1.63 Million Stake in GEN Restaurant Group, Inc. (NASDAQ:GENK)

Sanders Morris Harris LLC boosted its position in GEN Restaurant Group, Inc. (NASDAQ:GENK) by 14.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 219,990 shares of the company’s stock after purchasing an additional 27,591 shares during the period. Sanders Morris Harris LLC owned 0.67% of GEN Restaurant Group worth $1,628,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GENK. Geode Capital Management LLC lifted its holdings in shares of GEN Restaurant Group by 5.5% during the third quarter. Geode Capital Management LLC now owns 46,496 shares of the company’s stock worth $393,000 after purchasing an additional 2,427 shares during the period. Portolan Capital Management LLC lifted its holdings in GEN Restaurant Group by 1.8% during the 3rd quarter. Portolan Capital Management LLC now owns 372,759 shares of the company’s stock worth $3,146,000 after buying an additional 6,641 shares during the period. Wasatch Advisors LP grew its position in shares of GEN Restaurant Group by 72.7% in the 3rd quarter. Wasatch Advisors LP now owns 838,451 shares of the company’s stock valued at $7,077,000 after buying an additional 352,922 shares during the last quarter. Bard Associates Inc. increased its stake in shares of GEN Restaurant Group by 1.7% in the third quarter. Bard Associates Inc. now owns 175,676 shares of the company’s stock valued at $1,483,000 after buying an additional 2,956 shares during the period. Finally, SkyView Investment Advisors LLC bought a new position in shares of GEN Restaurant Group during the second quarter worth about $154,000. 10.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and set a $14.00 target price on shares of GEN Restaurant Group in a research report on Monday, November 18th.

GEN Restaurant Group Stock Performance

Shares of GEN Restaurant Group stock opened at $7.40 on Thursday. The business has a 50-day simple moving average of $8.02 and a 200 day simple moving average of $8.34. The firm has a market capitalization of $242.72 million, a price-to-earnings ratio of 43.53 and a beta of 1.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.87. GEN Restaurant Group, Inc. has a one year low of $5.61 and a one year high of $14.46.

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

Insiders Place Their Bets

In related news, CEO David Wook Jin Kim acquired 12,500 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was purchased at an average cost of $8.09 per share, with a total value of $101,125.00. Following the acquisition, the chief executive officer now owns 147,593 shares of the company’s stock, valued at approximately $1,194,027.37. This trade represents a 9.25 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have acquired 21,731 shares of company stock worth $171,740. Insiders own 61.13% of the company’s stock.

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.