GEN Restaurant Group announces new locations in Edison, NJ, and Orlando, FL, expanding its casual dining Korean BBQ concept.
Quiver AI Summary
GEN Restaurant Group, the owner of GEN Korean BBQ, announced the opening of two new locations in Edison, New Jersey, and Orlando, Florida, as part of its national expansion strategy. CEO David Kim expressed enthusiasm for reaching more audiences who enjoy the company’s unique “grill at your table” concept, particularly in markets with rich culinary scenes and diverse populations. The Edison location is situated in the Festival Plaza, and the Orlando restaurant is located in the Waterford Lakes Town Center, both designed to cater to food enthusiasts seeking high-quality Korean barbecue experiences. GEN Korean BBQ, known for its interactive dining atmosphere, continues to grow since its founding in 2011 and now boasts over 40 locations across the U.S.
Potential Positives
- The opening of two new locations in Edison, New Jersey and Orlando, Florida signifies strong national expansion and growth for GEN Restaurant Group, enhancing its market presence.
- Targeting key markets with robust culinary scenes and diverse populations increases the brand's potential to attract a wider customer base.
- The unique "grill at your table" dining concept positions GEN Korean BBQ as an engaging and interactive dining experience, appealing to food enthusiasts and families.
Potential Negatives
- Opening new locations in Edison and Orlando may indicate that the company is facing pressure to expand quickly to sustain growth, which can lead to operational challenges.
- The choice of expansion markets, New Jersey and Florida, may expose the company to stiff competition in often oversaturated casual dining segments, particularly in tourist-heavy areas like Orlando.
- The emphasis on expansion may divert focus and resources from addressing any underlying issues the company may face, such as consistency in food quality or customer service across existing locations.
FAQ
What new locations did GEN Korean BBQ announce?
GEN announced the opening of new locations in Edison, New Jersey and Orlando, Florida.
When will the new GEN Korean BBQ locations open?
The new locations are set to open during the first quarter of 2025.
What unique dining experience does GEN Korean BBQ offer?
GEN offers a signature “grill at your table” experience for an interactive dining atmosphere.
What is the concept behind GEN Korean BBQ?
GEN Korean BBQ features an extensive menu with high-quality meats and traditional Korean dishes.
Where can I find more information about GEN Korean BBQ?
Visit www.genkoreanbbq.com/locations for more information on locations and the menu.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GENK Insider Trading Activity
$GENK insiders have traded $GENK stock on the open market 5 times in the past 6 months. Of those trades, 5 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $GENK stock by insiders over the last 6 months:
- DAVID WOOK JIN KIM (Co-Chief Executive Officer) has made 5 purchases buying 21,777 shares for an estimated $172,103 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$GENK Hedge Fund Activity
We have seen 15 institutional investors add shares of $GENK stock to their portfolio, and 13 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC removed 398,096 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $3,359,930
- WASATCH ADVISORS LP added 352,922 shares (+72.7%) to their portfolio in Q3 2024, for an estimated $2,978,661
- PRAETORIAN PR LLC removed 248,670 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $2,098,774
- RESOLUTE CAPITAL ASSET PARTNERS LLC removed 74,520 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $628,948
- SKYLANDS CAPITAL, LLC added 59,540 shares (+33.8%) to their portfolio in Q3 2024, for an estimated $502,517
- CASTLEKNIGHT MANAGEMENT LP added 44,200 shares (+inf%) to their portfolio in Q3 2024, for an estimated $373,048
- SANDERS MORRIS HARRIS LLC added 27,591 shares (+14.3%) to their portfolio in Q4 2024, for an estimated $206,380
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
CERRITOS, Calif., Jan. 27, 2025 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), owner of GEN Korean BBQ , a fast-growing casual dining concept with an extensive menu and signature “grill at your table” experience, today announced the opening of two new locations – Edison, New Jersey and Orlando, Florida.
“We are pleased our national expansion plans are progressing as we work to open new restaurants during the first quarter of 2025,” said David Kim, Chief Executive Officer of GEN. “Expanding into New Jersey and opening a GEN location in a new Florida market ensures we are reaching more audiences that appreciate our Korean barbecue experience. We see great potential in the New Jersey and Florida markets and want to continue building momentum across key states.”
Edison, New Jersey, known for its cultural richness and robust culinary scene, offers an ideal setting to introduce GEN’s signature “grill at your table” concept. The move aligns with GEN’s strategy to expand into key markets where food enthusiasts and families seek authentic, high-quality dining experiences with a modern twist.
Orlando’s thriving culinary landscape, bolstered by its diverse population and status as a global tourist destination, makes it an ideal market for GEN. With millions of visitors and locals seeking unique dining experiences, the new location aims to cater to food enthusiasts looking for authentic Korean barbecue with a modern twist.
GEN Korean BBQ in Edison, New Jersey is located in the Festival Plaza, 1763 State Route 27, Edison, NJ, 08817 and is open from 11:00 a.m. to 10:30 p.m. Monday to Thursday and 11:00 a.m. to 11:00 p.m. Friday to Sunday.
GEN Korean BBQ in Orlando, Florida, is located in the Waterford Lakes Town Center, 525 N Alafaya Trail, Unit K05, Orlando, FL 32828, and is open from 11:00 a.m. to 10:30 p.m. Sunday to Thursday and 11:00 a.m. to 11:30 p.m. Friday to Saturday.
For more information or to find a GEN Korean BBQ near you, visit: www.genkoreanbbq.com/locations .
About GEN Restaurant Group, Inc.
GEN Korean BBQ is one of the largest Asian casual dining restaurant concepts in the United States. Founded in 2011 by two Korean immigrants in Los Angeles, the brand has now grown to over 40 company-owned locations where guests serve as their own chefs, preparing meals on embedded grills in the center of each table. The extensive menu consists of traditional Korean and Korean-American food, including high-quality meats, poultry, seafood and mixed vegetables. With its unique culinary experience alongside its modern décor and lively atmosphere, GEN Korean BBQ delivers an engaging and interactive dining experience that appeals to a vast segment of the population. For more information, visit
GenKoreanBBQ.com
and follow the brand on
Facebook
and
Instagram
.
Investor Relations Contact:
Cody Slach and Cody Cree
Gateway Group, Inc.
1-949-574-3860
[email protected]
Media Relations Contact:
Zach Kadletz and Jade Bolton
Gateway Group, Inc.
1-949-574-3860
[email protected]
