GEN Restaurant Group (NASDAQ:GENK) Trading Up 0.3% - Time to Buy?

Key Points

• GEN Restaurant Group shares rose 0.3% in trading, closing at $3.20 after reaching a high of $3.25, with an increased trading volume of 91,335 shares.
• Benchmark reduced its price target for the stock from $8.00 to $6.00 but maintained a "buy" rating, with an average consensus target price still at $8.00.
• The company reported an earnings per share (EPS) of $0.04, beating estimates, but had a negative net margin of 0.34% with revenue of $55.04 million, below the expected $60.26 million.

GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report) traded up 0.3% on Friday . The stock traded as high as $3.25 and last traded at $3.20. 91,335 shares changed hands during trading, an increase of 18% from the average session volume of 77,634 shares. The stock had previously closed at $3.19.

Analyst Ratings Changes

Separately, Benchmark cut their price target on GEN Restaurant Group from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $8.00.

GEN Restaurant Group Stock Performance

The stock has a market capitalization of $103.57 million, a P/E ratio of -22.36 and a beta of 1.44. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $3.71 and a two-hundred day moving average price of $4.35.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.03. GEN Restaurant Group had a negative net margin of 0.34% and a positive return on equity of 0.78%. The business had revenue of $55.04 million for the quarter, compared to analyst estimates of $60.26 million. Equities analysts expect that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On GEN Restaurant Group

A number of institutional investors have recently added to or reduced their stakes in GENK. XTX Topco Ltd bought a new stake in shares of GEN Restaurant Group during the 2nd quarter valued at about $49,000. Wealthedge Investment Advisors LLC bought a new stake in GEN Restaurant Group during the fourth quarter valued at approximately $143,000. Northern Trust Corp lifted its position in GEN Restaurant Group by 68.3% during the fourth quarter. Northern Trust Corp now owns 25,071 shares of the company's stock valued at $188,000 after purchasing an additional 10,176 shares during the last quarter. Jones Financial Companies Lllp grew its stake in GEN Restaurant Group by 1,376,466.7% in the 1st quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company's stock worth $228,000 after buying an additional 41,294 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of GEN Restaurant Group in the 2nd quarter worth $191,000. 10.22% of the stock is currently owned by institutional investors.

About GEN Restaurant Group

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.