GEN Restaurant Group (NASDAQ:GENK) Shares Up 0.5% – Here’s What Happened

GEN Restaurant Group, Inc. (NASDAQ:GENK) was up 0.5% on Friday . The stock traded as high as $2.12 and last traded at $2.04. Approximately 20,347 shares changed hands during trading, a decline of 15% from the average daily volume of 23,911 shares. The stock had previously closed at $2.03.

Wall Street Analysts Forecast Growth

GENK has been the topic of a number of research reports. Benchmark downgraded GEN Restaurant Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of GEN Restaurant Group in a research report on Tuesday, April 21st. Finally, Zacks Research downgraded GEN Restaurant Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $4.50.

GEN Restaurant Group Price Performance

The firm’s 50-day moving average is $2.02 and its 200-day moving average is $2.02. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.29 and a quick ratio of 0.26. The company has a market capitalization of $67.16 million, a P/E ratio of -2.76 and a beta of 0.99.

GEN Restaurant Group (NASDAQ:GENK) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07). GEN Restaurant Group had a negative return on equity of 4.50% and a negative net margin of 1.86%.The business had revenue of $53.90 million during the quarter, compared to the consensus estimate of $57.00 million. Analysts predict that GEN Restaurant Group, Inc. will post -0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On GEN Restaurant Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in GEN Restaurant Group during the second quarter valued at $49,000. Goldman Sachs Group Inc. grew its holdings in GEN Restaurant Group by 36.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 75,478 shares of the company’s stock valued at $159,000 after purchasing an additional 20,265 shares during the period. Finally, Jones Financial Companies Lllp increased its position 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 worth $228,000 after buying an additional 41,294 shares in the last quarter. 10.22% of the stock is currently owned by hedge funds and other institutional investors.

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.