GEN Restaurant Group (NASDAQ:GENK) Trading Up 0.3% - Here's What Happened

Key Points

• GEN Restaurant Group's stock (NASDAQ:GENK) increased by 0.3%, trading at $3.20 with a notable rise in trading volume of 91,335 shares.
• Benchmark lowered its price target on GEN Restaurant Group from $8.00 to $6.00 while maintaining a "buy" rating, despite the stock's current performance.
• The company reported earnings of $0.04 EPS for the last quarter, exceeding analysts' expectations of $0.01 but falling short of revenue estimates at $55.04 million.

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

Wall Street Analyst Weigh In

Separately, Benchmark reduced their target price on shares of GEN Restaurant Group from $8.00 to $6.00 and set a "buy" rating for the company in a research report on Friday, August 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $8.00.

GEN Restaurant Group Trading Up 0.3%

The firm has a market capitalization of $103.73 million, a P/E ratio of -22.50 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 firm has a 50 day moving average of $3.69 and a 200-day moving average of $4.33.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $55.04 million during the quarter, compared to analysts' expectations of $60.26 million. GEN Restaurant Group had a positive return on equity of 0.78% and a negative net margin of 0.34%. On average, equities research analysts predict that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GEN Restaurant Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd acquired a new stake in GEN Restaurant Group during the second quarter worth about $191,000. XTX Topco Ltd acquired a new position in shares of GEN Restaurant Group in the 2nd quarter valued at approximately $49,000. Sanders Morris Harris LLC lifted its holdings in shares of GEN Restaurant Group by 35.3% during the 2nd quarter. Sanders Morris Harris LLC now owns 269,992 shares of the company's stock worth $1,053,000 after acquiring an additional 70,502 shares during the period. Goldman Sachs Group Inc. boosted 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 acquiring an additional 12,296 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in 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 acquiring an additional 41,294 shares during the last quarter. Institutional investors own 10.22% of the company's stock.

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.