Sanders Morris Harris LLC Buys New Position in GEN Restaurant Group, Inc. $GENK

Key Points

• Sanders Morris Harris LLC acquired 609,102 shares of GEN Restaurant Group in the third quarter, worth approximately $1.06 million and representing about 1.85% of the company.
• GENK shares recently traded at $1.69, near the lower end of their 12-month range of $1.39 to $3.20. The company reported a quarterly loss of $0.06 per share and revenue of $55.73 million, below analyst expectations.
• Analyst sentiment remains mixed, with one Buy, two Hold, and one Sell rating; the consensus rating is Hold, with a target price of $3.00.

Sanders Morris Harris LLC purchased a new stake in GEN Restaurant Group, Inc. (NASDAQ:GENK - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 609,102 shares of the company's stock, valued at approximately $1,060,000. Sanders Morris Harris LLC owned approximately 1.85% of GEN Restaurant Group at the end of the most recent quarter.

GEN Restaurant Group Price Performance

GEN Restaurant Group stock traded up $0.24 during trading hours on Wednesday, reaching $1.69. 56,739,943 shares of the stock were exchanged, compared to its average volume of 376,619. The company has a market cap of $55.71 million, a P/E ratio of -2.04 and a beta of 0.98. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 0.58. GEN Restaurant Group, Inc. has a twelve month low of $1.39 and a twelve month high of $3.20. The stock has a 50 day moving average of $1.80 and a two-hundred day moving average of $1.89.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). GEN Restaurant Group had a negative net margin of 2.09% and a negative return on equity of 7.76%. The company had revenue of $55.73 million during the quarter, compared to analysts' expectations of $57.20 million. Equities analysts expect that GEN Restaurant Group, Inc. will post -0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GENK shares. Weiss Ratings downgraded GEN Restaurant Group from a "sell (d)" rating to a "sell (e+)" rating in a research report on Tuesday, August 11th. Zacks Research raised GEN Restaurant Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $3.00.

GEN Restaurant Group Profile

GEN Restaurant Group, Inc operates GEN Korean BBQ House, a casual-dining restaurant concept specializing in Korean barbecue. Its restaurants offer a variety of marinated meats, seafood, and vegetables that customers grill at their tables, along with Korean-inspired appetizers, sides, sauces, and beverages.

The company's business model combines an interactive dining experience with an extensive menu served in a full-service restaurant setting. GEN Korean BBQ House is designed to appeal to both individual diners and groups, with restaurants typically featuring contemporary interiors and table-top cooking equipment.

GEN Restaurant Group was founded in Southern California and has expanded its restaurant operations beyond its original market into additional U.S.

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