GEN Restaurant Group (NASDAQ:GENK) Trading Down 2.3% – Time to Sell?

GEN Restaurant Group, Inc. (NASDAQ:GENK)’s share price fell 2.3% during mid-day trading on Friday . The company traded as low as $2.03 and last traded at $2.08. 33,742 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 53,032 shares. The stock had previously closed at $2.13.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GENK shares. Weiss Ratings reiterated a “sell (d)” rating on shares of GEN Restaurant Group in a report on Thursday, January 22nd. Benchmark reaffirmed a “buy” rating on shares of GEN Restaurant Group in a research note on Monday, November 10th. Finally, Roth Mkm dropped their price objective on GEN Restaurant Group from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, GEN Restaurant Group has an average rating of “Hold” and an average target price of $4.50.

GEN Restaurant Group Stock Performance

The company has a market capitalization of $68.52 million, a price-to-earnings ratio of -8.00 and a beta of 1.47. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $2.36 and a 200 day simple moving average of $2.92.

GEN Restaurant Group (NASDAQ:GENK) last issued its earnings results on Friday, November 7th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. The firm had revenue of $50.42 million for the quarter, compared to analyst estimates of $54.25 million. GEN Restaurant Group had a positive return on equity of 0.51% and a negative net margin of 0.61%. As a group, analysts anticipate that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of GEN Restaurant Group

Several hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its stake in shares of GEN Restaurant Group by 1,376,466.7% during the first quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company’s stock valued at $228,000 after purchasing an additional 41,294 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of GEN Restaurant Group by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company’s stock worth $296,000 after purchasing an additional 12,296 shares during the last quarter. Sanders Morris Harris LLC increased its holdings in shares of GEN Restaurant Group by 35.3% in the second quarter. Sanders Morris Harris LLC now owns 269,992 shares of the company’s stock valued at $1,053,000 after buying an additional 70,502 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of GEN Restaurant Group in the 2nd quarter worth $49,000. Finally, Quadrature Capital Ltd purchased a new position in GEN Restaurant Group in the 2nd quarter worth about $191,000. Institutional investors own 10.22% of the company’s stock.

GEN Restaurant Group Company Profile

GEN Restaurant Group, Inc, operating as Gen Korean BBQ House, is a restaurant operator specializing in an all-you-can-eat Korean barbecue dining concept. The company offers patrons a hands-on grilling experience with a selection of premium meats, seafood, and vegetables cooked tableside, alongside traditional Korean side dishes and beverages. Gen Korean BBQ House locations feature modern décor and a fast-casual service style designed to appeal to a broad demographic of consumers seeking experiential dining.

The company’s restaurants serve a core menu of marinated and non-marinated proteins, including beef, pork, chicken and plant-based alternatives, complemented by signature banchan (side dishes), sauces and dessert offerings.