Roth Capital Weighs in on GEN Restaurant Group, Inc.'s FY2024 Earnings (NASDAQ:GENK)

GEN Restaurant Group, Inc. (NASDAQ:GENK - Free Report) - Equities research analysts at Roth Capital reduced their FY2024 EPS estimates for GEN Restaurant Group in a research note issued to investors on Wednesday, May 15th. Roth Capital analyst G. Kelly now forecasts that the company will post earnings of $0.05 per share for the year, down from their prior estimate of $0.10. 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 FY2025 earnings at $0.10 EPS.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.01 by $0.10. The firm had revenue of $50.76 million during the quarter, compared to analysts' expectations of $47.90 million. GEN Restaurant Group had a return on equity of 2.32% and a net margin of 0.44%.

Several other equities research analysts have also recently issued reports on GENK. Roth Mkm restated a "buy" rating and set a $14.00 price objective (up from $10.00) on shares of GEN Restaurant Group in a research report on Wednesday. Benchmark restated a "buy" rating and set a $14.00 price target on shares of GEN Restaurant Group in a report on Thursday. Finally, Craig Hallum upped their price objective on GEN Restaurant Group from $10.00 to $13.50 and gave the company a "buy" rating in a report on Wednesday.

GEN Restaurant Group Trading Down 4.5 %

Shares of NASDAQ GENK traded down $0.56 during trading on Friday, hitting $11.85. 66,498 shares of the company were exchanged, compared to its average volume of 75,335. The company has a fifty day moving average price of $9.91 and a 200-day moving average price of $8.58. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.16 and a current ratio of 0.95. The firm has a market capitalization of $383.70 million and a PE ratio of 68.94. GEN Restaurant Group has a 12-month low of $5.61 and a 12-month high of $20.50.

Institutional Trading of GEN Restaurant Group

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in GEN Restaurant Group by 487.8% in the first quarter. Vanguard Group Inc. now owns 164,574 shares of the company's stock valued at $1,922,000 after purchasing an additional 136,578 shares during the period. Sanders Morris Harris LLC purchased a new position in shares of GEN Restaurant Group in the 1st quarter valued at about $2,628,000. Wasatch Advisors LP grew its position in shares of GEN Restaurant Group by 23.6% during the fourth quarter. Wasatch Advisors LP now owns 657,738 shares of the company's stock worth $5,150,000 after buying an additional 125,542 shares in the last quarter. AWM Investment Company Inc. increased its stake in shares of GEN Restaurant Group by 26.4% during the third quarter. AWM Investment Company Inc. now owns 379,299 shares of the company's stock worth $4,415,000 after buying an additional 79,299 shares during the period. Finally, FMR LLC acquired a new stake in GEN Restaurant Group in the third quarter valued at approximately $4,984,000. Institutional investors and hedge funds own 10.22% of the company's stock.

Insider Buying and Selling at GEN Restaurant Group

In related news, CEO David Wook Jin Kim purchased 6,000 shares of the company's stock in a transaction on Friday, March 15th. The stock was acquired at an average cost of $8.05 per share, for a total transaction of $48,300.00. Following the completion of the transaction, the chief executive officer now directly owns 130,093 shares in the company, valued at $1,047,248.65. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, major shareholder Jose Manzanarez bought 48,142 shares of the firm's stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average price of $6.03 per share, with a total value of $290,296.26. Following the purchase, the insider now owns 115,593 shares in the company, valued at $697,025.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Wook Jin Kim bought 6,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $8.05 per share, with a total value of $48,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 130,093 shares in the company, valued at $1,047,248.65. The disclosure for this purchase can be found here. Insiders have purchased 59,039 shares of company stock valued at $371,611 over the last 90 days.

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.