GEN Restaurant Group (NASDAQ:GENK) Issues Earnings Results

GEN Restaurant Group (NASDAQ:GENK) posted its earnings results on Tuesday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.10), FiscalAI reports. GEN Restaurant Group had a negative net margin of 2.09% and a negative return on equity of 7.76%. The business had revenue of $48.74 million during the quarter, compared to analyst estimates of $53.90 million.

GEN Restaurant Group Stock Up 6.3%

NASDAQ GENK traded up $0.09 during trading on Tuesday, hitting $1.51. The stock had a trading volume of 78,246 shares, compared to its average volume of 365,906. GEN Restaurant Group has a 12 month low of $1.21 and a 12 month high of $2.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.25 and a current ratio of 0.29. The company’s 50-day moving average price is $1.64 and its two-hundred day moving average price is $1.85. The company has a market capitalization of $49.78 million, a PE ratio of -1.82 and a beta of 0.98.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GEN Restaurant Group in a research report on Wednesday, November 4th. Zacks Research upgraded GEN Restaurant Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, GEN Restaurant Group has an average rating of “Hold” and an average target price of $3.00.

GEN Restaurant Group Company Profile

GEN Restaurant Group, Inc. operates GEN Korean BBQ, an Asian-inspired restaurant concept specializing in Korean barbecue. Its restaurants offer an all-you-can-eat dining experience in which guests select from a menu of marinated meats, seafood, vegetables, appetizers and other Korean- and Asian-influenced dishes that are prepared on tabletop grills. The company’s menu typically includes items such as bulgogi, spicy pork, chicken, beef, shrimp and other barbecue selections, along with traditional Korean side dishes and sauces.