GEN Restaurant Group (NASDAQ:GENK) Trading Down 0.5% - Here's Why

Key Points

• GEN Restaurant Group shares fell 0.5% to $1.90 in thin trading, with volume down 96% from the stock’s average daily volume.
• Analysts maintain a consensus “Hold” rating with an average price target of $3.00; ratings include one Buy, two Holds and one Sell.
• The company’s latest quarter met EPS expectations at a $0.06 loss but reported revenue of $55.73 million, below the $57.20 million analyst consensus, while maintaining negative margins and return on equity.

Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK - Get Free Report) traded down 0.5% on Tuesday . The stock traded as low as $1.88 and last traded at $1.90. 22,224 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 536,526 shares. The stock had previously closed at $1.91.

Wall Street Analyst Weigh In

GENK has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of GEN Restaurant Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Weiss Ratings downgraded shares of GEN Restaurant Group from a "sell (d)" rating to a "sell (e+)" rating in a research report on Tuesday, August 11th. One research 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $3.00.

GEN Restaurant Group Price Performance

The company's 50 day moving average price is $1.93 and its 200-day moving average price is $1.90. The company has a market cap of $62.55 million, a price-to-earnings ratio of -2.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.25 and a current ratio of 0.29.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). The business had revenue of $55.73 million during the quarter, compared to analyst estimates of $57.20 million. GEN Restaurant Group had a negative net margin of 2.09% and a negative return on equity of 7.76%. On average, equities research analysts forecast that GEN Restaurant Group, Inc. will post -0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GEN Restaurant Group

A number of institutional investors and hedge funds have recently modified their holdings of GENK. XTX Topco Ltd bought a new stake in shares of GEN Restaurant Group during the 2nd quarter worth $49,000. Goldman Sachs Group Inc. raised its position in shares of GEN Restaurant Group by 36.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 75,478 shares of the company's stock worth $159,000 after purchasing an additional 20,265 shares during the period. Finally, Jones Financial Companies Lllp raised its position in shares of GEN Restaurant Group by 1,376,466.7% during the first quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company's stock worth $228,000 after purchasing an additional 41,294 shares during the period. Institutional investors and hedge funds own 10.22% of the company's stock.

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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