GEN Restaurant Group (NASDAQ:GENK) Issues Quarterly Earnings Results

GEN Restaurant Group (NASDAQ:GENK) posted its quarterly earnings results on Friday. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01, FiscalAI reports. The business had revenue of $50.42 million during the quarter, compared to analyst estimates of $54.25 million. GEN Restaurant Group had a negative net margin of 0.34% and a positive return on equity of 0.78%.

GEN Restaurant Group Price Performance

GENK stock traded down $0.05 during mid-day trading on Friday, hitting $2.70. The company had a trading volume of 152,642 shares, compared to its average volume of 62,303. The company has a 50-day moving average price of $3.02 and a 200 day moving average price of $3.59. GEN Restaurant Group has a 12-month low of $2.62 and a 12-month high of $10.33. The company has a market capitalization of $88.91 million, a price-to-earnings ratio of -19.28 and a beta of 1.39. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 0.12.

Analysts Set New Price Targets

Several brokerages recently weighed in on GENK. Weiss Ratings reaffirmed a “sell (d)” rating on shares of GEN Restaurant Group in a report on Wednesday, October 8th. Benchmark lowered their price objective on GEN Restaurant Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.00.

Hedge Funds Weigh In On GEN Restaurant Group

Several institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of GEN Restaurant Group during the 2nd quarter valued at approximately $49,000. Jones Financial Companies Lllp increased 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 worth $228,000 after purchasing an additional 41,294 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in GEN Restaurant Group by 29.8% during the first quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company’s stock valued at $296,000 after purchasing an additional 12,296 shares in the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

GEN Restaurant Group Company Profile

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.