CERRITOS, CA—Kim David Wook Jin, the Co-Chief Executive Officer of GEN Restaurant Group (LON:RTN), Inc. (NASDAQ:GENK), recently acquired 12,500 shares of the company's Class A Common Stock. The transaction, dated December 16, 2024, was executed at a price of $8.09 per share, amounting to a total value of $101,125. The purchase comes as GENK trades at $7.21, down from its 52-week high of $14.46, with InvestingPro analysis indicating the stock is currently undervalued.
Following this acquisition, Kim holds a total of 147,593 shares of Class A Common Stock indirectly through Put Call Forever LP. Additionally, Kim's indirect holdings include 166,652 shares of Class A Common Stock through the DJK Trust, as amended and restated in 2007, and significant holdings in Class B Common Stock through various family trusts. The company, with a market capitalization of $259 million, maintains an overall "Fair" financial health score according to InvestingPro metrics.
This transaction reflects Kim's ongoing investment in the company, providing a glimpse into the leadership's confidence in GEN Restaurant Group's future prospects. Investors often closely monitor such insider transactions for insights into the company's potential trajectory. Analysts maintain a bullish outlook, with price targets ranging from $12 to $14 per share. For deeper insights into GENK's valuation metrics and 8 additional key investment tips, visit InvestingPro.
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