GEN Restaurant Group (NASDAQ:GENK) Shares Down 0.3% - Time to Sell?

Key Points

• Shares slipped about 0.3% to roughly $1.68 on light volume (15,581 shares, ~61% below average), leaving the stock with a market cap near $55 million.
• Analyst sentiment is mixed—one Buy, one Hold and one Sell—giving an average rating of "Hold" and an average target of $4.50, while Roth MKM cut its target from $5.00 to $3.00 and Weiss reiterated a Sell.
• Fundamentals look weak: the company reported an earnings miss (Q1 EPS -$0.14 vs. -$0.06 expected), revenue $49.75M vs. $58.77M est., negative margins and low liquidity (quick ratio 0.40, current ratio 0.42).

GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report)'s stock price was down 0.3% during mid-day trading on Thursday . The stock traded as low as $1.66 and last traded at $1.68. Approximately 15,581 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 39,889 shares. The stock had previously closed at $1.6850.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on GENK shares. Weiss Ratings reiterated a "sell (d)" rating on shares of GEN Restaurant Group in a research report on Tuesday. Roth Mkm decreased their price target on shares of GEN Restaurant Group from $5.00 to $3.00 and set a "buy" rating on the stock in a research note on Monday, December 29th. Finally, Benchmark downgraded shares of GEN Restaurant Group from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $4.50.

GEN Restaurant Group Stock Down 0.3%

The firm has a fifty day moving average price of $1.73 and a 200-day moving average price of $2.24. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 0.41. The firm has a market cap of $55.31 million, a price-to-earnings ratio of -2.90 and a beta of 1.19.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last released its earnings results on Tuesday, March 31st. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.08). GEN Restaurant Group had a negative net margin of 1.42% and a negative return on equity of 1.24%. The business had revenue of $49.75 million during the quarter, compared to analyst estimates of $58.77 million. As a group, sell-side analysts forecast that GEN Restaurant Group, Inc. will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in shares of GEN Restaurant Group by 29.8% in the first quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company's stock worth $296,000 after acquiring an additional 12,296 shares during the last quarter. Jones Financial Companies Lllp increased its position in GEN Restaurant Group by 1,376,466.7% during the first 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 last quarter. Finally, XTX Topco Ltd acquired a new position in GEN Restaurant Group during the second quarter worth approximately $49,000. 10.22% of the stock is currently 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.

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