Kim David Wook Jin, Co-Chief Executive Officer of GEN Restaurant Group (LON:RTN), Inc. (NASDAQ:GENK), recently acquired additional shares of the company. On November 19 and 20, Jin purchased a total of 1,046 shares of Class A Common Stock at a price of $7.9 per share, amounting to a total investment of $8,263. This acquisition increases Jin's holdings to 131,139 shares through Put Call Forever LP. Jin also holds substantial shares in Class B Common Stock through various trusts, including the DJK Trust and the Kim Family Living Trust.
InvestingPro Insights
Kim David Wook Jin's recent purchase of GEN Restaurant Group, Inc. (NASDAQ:GENK) shares aligns with several key financial metrics and trends highlighted by InvestingPro. The company's market capitalization stands at $260.68 million, reflecting its position in the restaurant industry.
InvestingPro data shows that GENK's revenue grew by 12.5% over the last twelve months, reaching $198.83 million. This growth trend is complemented by a 7.77% quarterly revenue increase in Q3 2024. These figures suggest that the company is experiencing steady expansion, which may have influenced Jin's decision to increase his stake.
However, investors should note that GENK is trading at a high P/E ratio of 50.37, indicating that the stock may be relatively expensive compared to its earnings. This is further emphasized by an InvestingPro Tip stating that the company is "Trading at a high earnings multiple."
Another InvestingPro Tip points out that GENK's stock "has taken a big hit over the last six months." This is corroborated by the InvestingPro data showing a -36.18% price total return over the past six months. Jin's recent purchase could be seen as a vote of confidence in the company's future prospects despite this short-term setback.
For those interested in a deeper analysis, InvestingPro offers 8 additional tips for GENK, providing a more comprehensive view of the company's financial health and market position.
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