GEN Restaurant Group (NASDAQ:GENK) Trading Down 1.9% - Should You Sell?

Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report) traded down 1.9% during mid-day trading on Tuesday . The company traded as low as $2.94 and last traded at $3.02. 174,044 shares traded hands during trading, an increase of 225% from the average session volume of 53,587 shares. The stock had previously closed at $3.08.

Analysts Set New Price Targets

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 research analyst has rated the stock with a Buy rating, According to MarketBeat.com, GEN Restaurant Group has a consensus rating of "Buy" and an average target price of $8.00.

GEN Restaurant Group Trading Down 1.9%

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 stock's fifty day moving average price is $3.50 and its two-hundred day moving average price is $4.10. The company has a market capitalization of $99.45 million, a PE ratio of -21.57 and a beta of 1.44.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.04 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $60.26 million. Sell-side analysts anticipate that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current year.

Institutional Trading of GEN Restaurant Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp lifted its holdings in GEN Restaurant Group by 68.3% in the fourth quarter. Northern Trust Corp now owns 25,071 shares of the company's stock worth $188,000 after buying an additional 10,176 shares during the period. 1492 Capital Management LLC lifted its holdings in GEN Restaurant Group by 248.8% in the first quarter. 1492 Capital Management LLC now owns 114,102 shares of the company's stock worth $630,000 after buying an additional 81,393 shares during the period. Skylands Capital LLC lifted its holdings in GEN Restaurant Group by 9.1% in the first quarter. Skylands Capital LLC now owns 266,176 shares of the company's stock worth $1,469,000 after buying an additional 22,184 shares during the period. Wealthedge Investment Advisors LLC purchased a new stake in GEN Restaurant Group in the fourth quarter worth about $143,000. Finally, Bard Associates Inc. lifted its holdings in GEN Restaurant Group by 2.1% in the first quarter. Bard Associates Inc. now owns 171,776 shares of the company's stock worth $948,000 after buying an additional 3,575 shares during the period. 10.22% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.