GEN Restaurant Group (NASDAQ:GENK) Earns Sell (D) Rating from Weiss Ratings

Key Points

• GEN Restaurant Group has received a "Sell (D)" rating from Weiss Ratings, indicating negative sentiment from analysts.
• Benchmark has lowered the target price for GEN Restaurant Group from $8.00 to $6.00 while maintaining a "buy" rating, reflecting a cautious outlook.
• Despite reporting quarterly earnings that exceeded expectations, the firm’s revenue fell short of analyst predictions, impacting its overall performance metrics.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report)'s stock had its "sell (d)" rating reissued by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Benchmark decreased their target price on shares of GEN Restaurant Group from $8.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $8.00.

GEN Restaurant Group Stock Down 0.7%

Shares of GENK stock opened at $2.92 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.42 and a current ratio of 0.44. The firm's 50-day moving average is $3.24 and its 200-day moving average is $3.88. The stock has a market cap of $96.16 million, a price-to-earnings ratio of -20.86 and a beta of 1.37. GEN Restaurant Group has a 52-week low of $2.65 and a 52-week high of $10.33.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $55.04 million for the quarter, compared to analysts' expectations of $60.26 million. GEN Restaurant Group had a negative net margin of 0.34% and a positive return on equity of 0.78%. Sell-side analysts predict that GEN Restaurant Group will post 0.01 EPS for the current year.

Hedge Funds Weigh In On GEN Restaurant Group

A number of hedge funds have recently modified their holdings of GENK. Sanders Morris Harris LLC grew its holdings in GEN Restaurant Group by 75.0% in the third quarter. Sanders Morris Harris LLC now owns 472,516 shares of the company's stock worth $1,299,000 after purchasing an additional 202,524 shares during the period. Skylands Capital LLC grew its holdings in shares of GEN Restaurant Group by 9.1% during the first quarter. Skylands Capital LLC now owns 266,176 shares of the company's stock valued at $1,469,000 after buying an additional 22,184 shares during the last quarter. Bard Associates Inc. grew its holdings in shares of GEN Restaurant Group by 2.1% during the first quarter. Bard Associates Inc. now owns 171,776 shares of the company's stock valued at $948,000 after buying an additional 3,575 shares during the last quarter. 1492 Capital Management LLC boosted its holdings in GEN Restaurant Group by 248.8% during the first quarter. 1492 Capital Management LLC now owns 114,102 shares of the company's stock worth $630,000 after purchasing an additional 81,393 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings 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 worth $296,000 after purchasing an additional 12,296 shares during the last quarter. Institutional investors and hedge funds own 10.22% of the company's stock.

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.

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