GEN Restaurant Group (NASDAQ:GENK) Shares Down 5.1% - Here's What Happened

GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report) dropped 5.1% during trading on Monday . The company traded as low as $3.50 and last traded at $3.51. Approximately 60,227 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 66,950 shares. The stock had previously closed at $3.70.

Analyst Upgrades and Downgrades

GENK has been the topic of a number of research reports. Benchmark decreased their price objective on GEN Restaurant Group from $11.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. Roth Capital set a $10.00 price objective on GEN Restaurant Group in a report on Friday, March 7th.

GEN Restaurant Group Trading Down 5.6%

The business has a 50-day moving average price of $4.49 and a two-hundred day moving average price of $6.13. The stock has a market capitalization of $106.70 million, a P/E ratio of 18.94 and a beta of 1.67. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $57.34 million during the quarter, compared to the consensus estimate of $61.09 million. GEN Restaurant Group had a return on equity of 1.83% and a net margin of 0.39%. On average, analysts expect that GEN Restaurant Group, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Trading of GEN Restaurant Group

A number of institutional investors have recently modified their holdings of GENK. Goldman Sachs Group Inc. lifted its position in shares of GEN Restaurant Group by 29.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company's stock worth $296,000 after buying an additional 12,296 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of GEN Restaurant Group by 1,376,466.7% during 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 during the last quarter. Bard Associates Inc. lifted its position in shares of GEN Restaurant Group by 2.1% during the 1st 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 last quarter. 1492 Capital Management LLC lifted its position in shares of GEN Restaurant Group by 248.8% during the 1st 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 last quarter. Finally, Skylands Capital LLC lifted its position in shares of GEN Restaurant Group by 9.1% during the 1st 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 last quarter. 10.22% of the stock is currently owned by institutional investors.

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.