GEN Restaurant Group (NASDAQ:GENK) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded GEN Restaurant Group from “strong sell” to “hold,” adding to a mixed analyst picture that now includes one Buy, two Hold, and one Sell rating, with an average target price of $4.50.
• The stock opened at $1.77, well below its 52-week high of $4.99, and the company’s shares are trading around a market cap of $58.27 million with weak liquidity ratios.
• GEN Restaurant Group recently reported weaker-than-expected quarterly results, posting a loss of $0.14 per share versus the $0.07 loss expected and revenue of $53.9 million versus $57 million projected.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

GENK has been the subject of a number of other research reports. Benchmark downgraded GEN Restaurant Group from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Weiss Ratings restated a "sell (d)" rating on shares of GEN Restaurant Group in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $4.50.

GEN Restaurant Group Price Performance

Shares of GEN Restaurant Group stock opened at $1.77 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.29 and a quick ratio of 0.26. The company has a market cap of $58.27 million, a PE ratio of -2.39 and a beta of 0.98. The firm has a fifty day moving average price of $2.08 and a two-hundred day moving average price of $1.98. GEN Restaurant Group has a fifty-two week low of $1.43 and a fifty-two week high of $4.99.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.07). GEN Restaurant Group had a negative return on equity of 4.50% and a negative net margin of 1.86%.The company had revenue of $53.90 million for the quarter, compared to the consensus estimate of $57.00 million. Analysts expect that GEN Restaurant Group will post -0.32 EPS for the current year.

Hedge Funds Weigh In On GEN Restaurant Group

A number of hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in shares of GEN Restaurant Group by 36.7% during 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 period. Jones Financial Companies Lllp grew its position 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 period. Finally, XTX Topco Ltd bought a new stake in GEN Restaurant Group in the second quarter valued at $49,000. 10.22% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.