GEN Restaurant Group, Inc. (NASDAQ:GENK - Free Report) - Equities researchers at Roth Capital lowered their Q2 2024 earnings estimates for shares of GEN Restaurant Group in a report issued on Wednesday, May 15th. Roth Capital analyst G. Kelly now anticipates that the company will post earnings of $0.02 per share for the quarter, down from their previous forecast of $0.03. The consensus estimate for GEN Restaurant Group's current full-year earnings is $0.10 per share. Roth Capital also issued estimates for GEN Restaurant Group's Q3 2024 earnings at $0.00 EPS, Q4 2024 earnings at $0.01 EPS, Q1 2025 earnings at $0.03 EPS, Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.02 EPS and Q4 2025 earnings at $0.01 EPS.
GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last issued its earnings results on Tuesday, May 14th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.10. The firm had revenue of $50.76 million for the quarter, compared to analysts' expectations of $47.90 million. GEN Restaurant Group had a return on equity of 20.27% and a net margin of 2.46%.
A number of other research firms have also weighed in on GENK. Benchmark reissued a "buy" rating and issued a $14.00 target price on shares of GEN Restaurant Group in a report on Thursday. Roth Mkm reissued a "buy" rating and issued a $14.00 price objective (up from $10.00) on shares of GEN Restaurant Group in a research note on Wednesday. Finally, Craig Hallum upped their target price on shares of GEN Restaurant Group from $10.00 to $13.50 and gave the company a "buy" rating in a research report on Wednesday.
Check Out Our Latest Analysis on GENK
GEN Restaurant Group Trading Up 3.2 %
NASDAQ:GENK traded up $0.39 during trading hours on Thursday, reaching $12.41. The stock had a trading volume of 96,612 shares, compared to its average volume of 75,429. GEN Restaurant Group has a 52 week low of $5.61 and a 52 week high of $20.50. The company has a 50 day moving average price of $9.91 and a two-hundred day moving average price of $8.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.18.
Institutional Trading of GEN Restaurant Group
Several institutional investors and hedge funds have recently made changes to their positions in GENK. Barclays PLC purchased a new position in GEN Restaurant Group in the 3rd quarter worth about $68,000. Valmark Advisers Inc. purchased a new position in shares of GEN Restaurant Group during the third quarter worth approximately $257,000. Vanguard Group Inc. increased its position in shares of GEN Restaurant Group by 487.8% during the first quarter. Vanguard Group Inc. now owns 164,574 shares of the company's stock worth $1,922,000 after acquiring an additional 136,578 shares during the period. Sanders Morris Harris LLC bought a new stake in shares of GEN Restaurant Group during the first quarter valued at approximately $2,628,000. Finally, AWM Investment Company Inc. boosted its holdings in shares of GEN Restaurant Group by 26.4% in the third quarter. AWM Investment Company Inc. now owns 379,299 shares of the company's stock valued at $4,415,000 after purchasing an additional 79,299 shares during the period. 10.22% of the stock is currently owned by institutional investors.
Insider Activity at GEN Restaurant Group
In other news, major shareholder Jose Manzanarez acquired 48,142 shares of the company's stock in a transaction on Monday, March 11th. The stock was bought at an average cost of $6.03 per share, with a total value of $290,296.26. Following the completion of the purchase, the insider now directly owns 115,593 shares of the company's stock, valued at $697,025.79. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other GEN Restaurant Group news, CEO David Wook Jin Kim purchased 6,000 shares of GEN Restaurant Group stock in a transaction dated Friday, March 15th. The shares were purchased at an average cost of $8.05 per share, for a total transaction of $48,300.00. Following the completion of the acquisition, the chief executive officer now owns 130,093 shares in the company, valued at approximately $1,047,248.65. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Jose Manzanarez acquired 48,142 shares of the business's stock in a transaction on Monday, March 11th. The stock was acquired at an average cost of $6.03 per share, for a total transaction of $290,296.26. Following the transaction, the insider now directly owns 115,593 shares in the company, valued at $697,025.79. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 59,039 shares of company stock worth $371,611.
GEN Restaurant Group Company Profile
(
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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.
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