GEN Restaurant Group (NASDAQ:GENK) Trading Down 2.3% – Here’s Why

GEN Restaurant Group, Inc. (NASDAQ:GENK) fell 2.3% on Friday . The stock traded as low as $2.03 and last traded at $2.08. 33,742 shares were traded during trading, a decline of 36% from the average session volume of 53,032 shares. The stock had previously closed at $2.13.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GENK. Roth Mkm reduced their target price on shares of GEN Restaurant Group from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Monday, December 29th. Benchmark reiterated a “buy” rating on shares of GEN Restaurant Group in a report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of GEN Restaurant Group in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.50.

GEN Restaurant Group Price Performance

The stock has a market cap of $68.52 million, a PE ratio of -8.00 and a beta of 1.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.30 and a current ratio of 0.33. The business has a 50 day moving average price of $2.36 and a two-hundred day moving average price of $2.91.

GEN Restaurant Group (NASDAQ:GENK) last announced its quarterly earnings data on Friday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. GEN Restaurant Group had a positive return on equity of 0.51% and a negative net margin of 0.61%.The business had revenue of $50.42 million for the quarter, compared to analysts’ expectations of $54.25 million. Research analysts expect that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GEN Restaurant Group

A number of institutional investors have recently bought and sold shares of GENK. XTX Topco Ltd bought a new position in GEN Restaurant Group in the 2nd quarter valued at approximately $49,000. Quadrature Capital Ltd bought a new position in GEN Restaurant Group in the second quarter worth approximately $191,000. Jones Financial Companies Lllp boosted its stake in shares of GEN Restaurant Group by 1,376,466.7% during the 1st quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company’s stock worth $228,000 after acquiring an additional 41,294 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of GEN Restaurant Group by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company’s stock worth $296,000 after purchasing an additional 12,296 shares in the last quarter. Finally, Sanders Morris Harris LLC raised its holdings in GEN Restaurant Group by 35.3% in the 2nd quarter. Sanders Morris Harris LLC now owns 269,992 shares of the company’s stock worth $1,053,000 after purchasing an additional 70,502 shares during the period. 10.22% of the stock is owned by institutional investors.

About GEN Restaurant Group

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.