GEN Restaurant Group (NASDAQ:GENK) Trading Down 8.7% – Here’s What Happened

GEN Restaurant Group, Inc. (NASDAQ:GENK)’s share price fell 8.7% during mid-day trading on Friday . The company traded as low as $1.86 and last traded at $1.90. 54,215 shares were traded during mid-day trading, an increase of 3% from the average session volume of 52,388 shares. The stock had previously closed at $2.08.

Analyst Ratings Changes

A number of research firms have weighed in on GENK. Weiss Ratings reaffirmed a “sell (d)” rating on shares of GEN Restaurant Group in a research note on Thursday, January 22nd. Roth Mkm lowered their price objective on shares of GEN Restaurant Group from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.50.

GEN Restaurant Group Price Performance

The company has a 50 day simple moving average of $1.91 and a 200 day simple moving average of $2.42. The company has a market capitalization of $62.59 million, a price-to-earnings ratio of -7.31 and a beta of 1.46. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.16.

Institutional Trading of GEN Restaurant Group

A number of institutional investors and hedge funds have recently bought and sold shares of GENK. Jones Financial Companies Lllp raised its holdings in GEN Restaurant Group by 1,376,466.7% in the first quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company’s stock valued at $228,000 after buying an additional 41,294 shares during the period. Goldman Sachs Group Inc. lifted its position in GEN Restaurant Group by 29.8% during the first quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company’s stock valued at $296,000 after buying an additional 12,296 shares in the last quarter. XTX Topco Ltd purchased a new stake in GEN Restaurant Group during the second quarter worth approximately $49,000. Quadrature Capital Ltd purchased a new stake in GEN Restaurant Group during the second quarter worth approximately $191,000. Finally, Sanders Morris Harris LLC grew its stake in GEN Restaurant Group by 75.0% during the third quarter. Sanders Morris Harris LLC now owns 472,516 shares of the company’s stock worth $1,299,000 after buying an additional 202,524 shares during the period. Institutional investors and hedge funds 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.