GEN Restaurant Group (NASDAQ:GENK) Trading Down 8.7% – What’s Next?

GEN Restaurant Group, Inc. (NASDAQ:GENK) dropped 8.7% during mid-day trading on Friday . The company traded as low as $1.86 and last traded at $1.90. Approximately 54,215 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 52,388 shares. The stock had previously closed at $2.08.

Wall Street Analyst Weigh In

Several brokerages recently commented 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 for the company in a report on Monday, December 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of GEN Restaurant Group in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, GEN Restaurant Group presently has an average rating of “Hold” and a consensus target price of $4.50.

GEN Restaurant Group Price Performance

The business has a fifty day moving average of $1.91 and a 200 day moving average of $2.42. The firm has a market cap of $62.59 million, a P/E ratio of -7.31 and a beta of 1.46. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.16.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new position in GEN Restaurant Group during the second quarter worth $49,000. Goldman Sachs Group Inc. lifted its stake in shares of GEN Restaurant Group by 36.7% during the 4th 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 during the last quarter. Quadrature Capital Ltd bought a new stake in shares of GEN Restaurant Group during the 2nd quarter worth about $191,000. Jones Financial Companies Lllp boosted its holdings 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 buying an additional 41,294 shares during the period. Finally, Sanders Morris Harris LLC grew its stake in GEN Restaurant Group by 75.0% in the 3rd quarter. Sanders Morris Harris LLC now owns 472,516 shares of the company’s stock valued at $1,299,000 after buying an additional 202,524 shares during the last quarter. 10.22% of the stock is owned by institutional investors and hedge funds.

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.