GEN Restaurant Group (NASDAQ:GENK) Trading Down 5.1% - Should You Sell?

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

Wall Street Analysts Forecast Growth

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

GEN Restaurant Group Trading Up 2.5%

The company has a market capitalization of $109.35 million, a price-to-earnings ratio of 19.41 and a beta of 1.67. The company has a 50-day moving average price of $4.38 and a 200-day moving average price of $6.02. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.12.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $57.34 million for 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%. Research analysts predict that GEN Restaurant Group, Inc. will post 0.01 EPS for the current fiscal year.

GEN Restaurant Group Announces Dividend

The business also recently announced a dividend, which will be paid on Monday, June 23rd. Investors of record on Monday, June 9th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Monday, June 9th.

Institutional Investors Weigh In On GEN Restaurant Group

Hedge funds have recently made changes to their positions in the stock. Wealthedge Investment Advisors LLC bought a new stake in shares of GEN Restaurant Group in the fourth quarter valued at about $143,000. Northern Trust Corp lifted its stake in shares of GEN Restaurant Group by 68.3% in the fourth quarter. Northern Trust Corp now owns 25,071 shares of the company's stock valued at $188,000 after buying an additional 10,176 shares during the period. Jones Financial Companies Lllp lifted its stake 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 buying an additional 41,294 shares during the period. Goldman Sachs Group Inc. lifted its stake 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 valued at $296,000 after buying an additional 12,296 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of GEN Restaurant Group by 235.8% in the fourth quarter. Renaissance Technologies LLC now owns 54,400 shares of the company's stock valued at $407,000 after buying an additional 38,200 shares during the period. Institutional investors own 10.22% of the company's stock.

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.