GEN Restaurant Group, Inc. (NASDAQ:GENK) Announces $0.03 Dividend

GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report) declared a dividend on Tuesday, May 27th, NASDAQ Dividends reports. Investors of record on Monday, June 9th will be given a dividend of 0.03 per share on Monday, June 23rd. The ex-dividend date is Monday, June 9th.

GEN Restaurant Group Stock Up 2.5%

Shares of NASDAQ:GENK traded up $0.08 during mid-day trading on Friday, hitting $3.30. 462,572 shares of the company traded hands, compared to its average volume of 69,757. GEN Restaurant Group has a 52-week low of $3.16 and a 52-week high of $11.53. The firm's 50 day simple moving average is $4.38 and its 200 day simple moving average is $6.02. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.91. The firm has a market cap of $109.35 million, a P/E ratio of 19.41 and a beta of 1.67.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.04 earnings per share for the quarter. GEN Restaurant Group had a return on equity of 1.83% and a net margin of 0.39%. The firm had revenue of $57.34 million during the quarter, compared to analyst estimates of $61.09 million. On average, equities analysts anticipate that GEN Restaurant Group will post 0.01 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GEN Restaurant Group stock. Goldman Sachs Group Inc. lifted its position in GEN Restaurant Group, Inc. (NASDAQ:GENK - Free Report) by 29.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,573 shares of the company's stock after acquiring an additional 12,296 shares during the quarter. Goldman Sachs Group Inc. owned 0.16% of GEN Restaurant Group worth $296,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 10.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GENK. Roth Capital set a $10.00 price objective on GEN Restaurant Group in a research note on Friday, March 7th. Benchmark lowered their price objective on GEN Restaurant Group from $11.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, May 15th.

GEN Restaurant Group Company Profile

GEN Restaurant Group, Inc operates restaurants in California, Arizona, Hawaii, Nevada, Texas, New York, and Florida. It offers meats, poultry, and seafood. The company was founded in 2011 and is based in Cerritos, California.