GEN Restaurant Group (NASDAQ:GENK) Posts Quarterly Earnings Results, Hits Expectations

Key Points

• GEN Restaurant Group met earnings expectations, reporting quarterly EPS of $(0.06), while posting a negative net margin of 1.86% and a negative return on equity of 4.50%.
• The stock fell 7.1% to $1.82 in mid-day trading, with trading volume significantly above its average; shares remain near the lower end of their 52-week range.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $3.00. Institutional investors own 10.22% of the company, with several funds recently increasing their positions.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) released its quarterly earnings data on Monday. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06), FiscalAI reports. GEN Restaurant Group had a negative net margin of 1.86% and a negative return on equity of 4.50%.

GEN Restaurant Group Trading Down 7.1%

Shares of GEN Restaurant Group stock traded down $0.14 during mid-day trading on Monday, hitting $1.82. 517,514 shares of the stock were exchanged, compared to its average volume of 37,954. GEN Restaurant Group has a twelve month low of $1.43 and a twelve month high of $3.59. The stock has a market capitalization of $59.91 million, a price-to-earnings ratio of -2.46 and a beta of 0.95. The company has a 50-day simple moving average of $1.99 and a 200 day simple moving average of $1.92. The company has a current ratio of 0.29, a quick ratio of 0.26 and a debt-to-equity ratio of 0.56.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GENK. Weiss Ratings reaffirmed a "sell (d)" rating on shares of GEN Restaurant Group in a report on Friday, July 17th. Zacks Research upgraded GEN Restaurant Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $3.00.

Hedge Funds Weigh In On GEN Restaurant Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in GEN Restaurant Group by 36.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 75,478 shares of the company's stock worth $159,000 after acquiring an additional 20,265 shares during the period. XTX Topco Ltd acquired a new stake in shares of GEN Restaurant Group during the second quarter worth $49,000. Finally, Jones Financial Companies Lllp grew its position in shares of 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 valued at $228,000 after purchasing an additional 41,294 shares during the period. Hedge funds and other institutional investors own 10.22% of the company's stock.

About GEN Restaurant Group

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.

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