GEN Restaurant Group (NASDAQ:GENK – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.
Other equities research analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of GEN Restaurant Group in a research note on Tuesday, April 21st. Benchmark downgraded shares of GEN Restaurant Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.50.
Get Our Latest Report on GEN Restaurant Group
GEN Restaurant Group Trading Up 2.3%
GEN Restaurant Group (NASDAQ:GENK – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). GEN Restaurant Group had a negative return on equity of 4.50% and a negative net margin of 1.86%.The company had revenue of $53.90 million during the quarter, compared to analysts’ expectations of $57.00 million. Sell-side analysts anticipate that GEN Restaurant Group will post -0.32 EPS for the current year.
Hedge Funds Weigh In On GEN Restaurant Group
A number of hedge funds have recently bought and sold shares of GENK. XTX Topco Ltd bought a new stake in GEN Restaurant Group during the 2nd quarter valued at about $49,000. Goldman Sachs Group Inc. lifted its stake in shares of GEN Restaurant Group by 36.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 75,478 shares of the company’s stock worth $159,000 after buying an additional 20,265 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings 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 valued at $228,000 after buying an additional 41,294 shares during the last quarter. Institutional investors own 10.22% of the company’s stock.
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.
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