GEN Restaurant Group, Inc. - Class A Common Stock (GENK)

GEN Restaurant Group is storming the nation with its chain of all-you-can-eat Korean BBQ restaurants: insiders and institutions are buying.

Insiders are buying these stocks that analysts view as undervalued. Each has a potential catalyst in the works, and its shares could advance triple digits.

GEN (NASDAQ: GENK), owner of GEN Korean BBQ, a fast-growing experiential Asian dining concept, recently announced the closing of its initial public offering of 3,600,000 shares of its Class A common stock at a price of $12.00 per share, as well as the full exercise by the underwriters of their option to purchase an additional 540,000 shares of Class A common stock. The company received approximately $46.2 million in proceeds from the offering, net of the underwriters’ discount. The Class A common stock began trading on the Nasdaq Global Market under the symbol GENK on June 28, 2023. Roth Capital Partners acted as sole book-running manager and representative of the underwriters for the offering. Craig-Hallum Capital Group and The Benchmark Company acted as co-managers for the offering.