GEN Restaurant Group (NASDAQ:GENK) Trading Up 7.8% – Here’s Why

GEN Restaurant Group, Inc. (NASDAQ:GENK) was up 7.8% during trading on Thursday . The stock traded as high as $2.08 and last traded at $2.08. Approximately 70,071 shares changed hands during mid-day trading, an increase of 111% from the average daily volume of 33,200 shares. The stock had previously closed at $1.93.

Analyst Ratings Changes

Several research analysts have commented on GENK shares. 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. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.50.

GEN Restaurant Group Stock Up 7.8%

The stock has a 50-day moving average of $1.89 and a two-hundred day moving average of $2.06. The company has a market cap of $68.48 million, a P/E ratio of -2.81 and a beta of 0.99. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.26 and a current ratio of 0.29.

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

Hedge Funds Weigh In On GEN Restaurant Group

A number of large investors have recently bought and sold shares of GENK. Jones Financial Companies Lllp increased its stake in GEN Restaurant Group by 1,376,466.7% in the 1st quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company’s stock worth $228,000 after purchasing an additional 41,294 shares during the period. Goldman Sachs Group Inc. increased its stake in 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 period. Finally, XTX Topco Ltd purchased a new position in GEN Restaurant Group in the 2nd quarter worth approximately $49,000. 10.22% of the stock is 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.