GEN Restaurant Group (NASDAQ:GENK) Trading Down 8.7% - Here's What Happened

Key Points

• Shares fell 8.7% to about $1.90 on Friday (intraday low $1.86) on volume of 54,215 shares, modestly above the stock's average session volume.
• Analysts are mixed—two Buys and one Sell—with a MarketBeat consensus rating of "Hold" and a consensus target of $4.50; Roth MKM cut its price target to $3.00 while Weiss Ratings reiterated a "sell (d)".
• Fundamentals show a small market cap (~$62.6M) and a negative P/E (-7.31) with low liquidity (current ratio 0.33, quick ratio 0.30); institutional ownership is ~10.22% after recent stake increases by firms including Goldman Sachs and Sanders Morris Harris.

Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report) traded down 8.7% on Friday . The stock traded as low as $1.86 and last traded at $1.90. 54,215 shares were traded during mid-day trading, an increase of 3% from the average session volume of 52,388 shares. The stock had previously closed at $2.08.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GENK. Weiss Ratings restated a "sell (d)" rating on shares of GEN Restaurant Group in a report on Thursday, January 22nd. Roth Mkm lowered their price target on shares of GEN Restaurant Group from $5.00 to $3.00 and set a "buy" rating for the company in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $4.50.

GEN Restaurant Group Trading Down 8.7%

The business has a 50 day simple moving average of $1.91 and a two-hundred day simple moving average of $2.42. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.16. The company has a market cap of $62.59 million, a PE ratio of -7.31 and a beta of 1.46.

Hedge Funds Weigh In On GEN Restaurant Group

Several large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its stake in GEN Restaurant Group by 36.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 75,478 shares of the company's stock worth $159,000 after buying an additional 20,265 shares during the last quarter. Sanders Morris Harris LLC increased its stake in shares of GEN Restaurant Group by 75.0% during the 3rd quarter. Sanders Morris Harris LLC now owns 472,516 shares of the company's stock valued at $1,299,000 after acquiring an additional 202,524 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of GEN Restaurant Group during the 2nd quarter worth about $191,000. XTX Topco Ltd purchased a new position in shares of GEN Restaurant Group during the 2nd quarter worth about $49,000. Finally, Jones Financial Companies Lllp lifted its holdings 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 acquiring an additional 41,294 shares during the period. 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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