GEN Restaurant Group (NASDAQ:GENK) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of GEN Restaurant Group (NASDAQ:GENK) from a hold rating to a strong sell rating in a research report released on Wednesday morning,Zacks.com reports.

GENK has been the subject of several other research reports. Benchmark lowered shares of GEN Restaurant Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of GEN Restaurant Group in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $4.50.

GEN Restaurant Group Trading Up 7.8%

NASDAQ GENK opened at $2.08 on Wednesday. The firm has a 50 day simple moving average of $1.89 and a 200-day simple moving average of $2.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.26 and a current ratio of 0.29. GEN Restaurant Group has a one year low of $1.43 and a one year high of $4.99. The firm has a market cap of $68.48 million, a price-to-earnings ratio of -2.81 and a beta of 0.99.

GEN Restaurant Group (NASDAQ:GENK) last posted 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 net margin of 1.86% and a negative return on equity of 4.50%. The business had revenue of $53.90 million during the quarter, compared to analysts’ expectations of $57.00 million. Equities research analysts anticipate that GEN Restaurant Group will post -0.32 EPS for the current fiscal year.

Institutional Trading of GEN Restaurant Group

Hedge funds have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in GEN Restaurant Group in the second quarter valued at approximately $49,000. Jones Financial Companies Lllp raised its holdings 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 valued at $228,000 after acquiring an additional 41,294 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in GEN Restaurant Group by 29.8% in the first quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company’s stock valued at $296,000 after acquiring an additional 12,296 shares in the last quarter. 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.