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

GEN Restaurant Group (NASDAQ:GENK) issued its earnings results on Monday. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06), FiscalAI reports. GEN Restaurant Group had a negative return on equity of 4.50% and a negative net margin of 1.86%.

GEN Restaurant Group Stock Down 7.1%

NASDAQ:GENK traded down $0.14 during trading hours on Monday, hitting $1.82. The stock had a trading volume of 517,514 shares, compared to its average volume of 37,954. The business has a 50 day simple moving average of $1.99 and a two-hundred day simple moving average of $1.92. The company has a current ratio of 0.29, a quick ratio of 0.26 and a debt-to-equity ratio of 0.56. The company has a market cap of $59.91 million, a PE ratio of -2.46 and a beta of 0.95. GEN Restaurant Group has a 1-year low of $1.43 and a 1-year high of $3.59.

Analyst Upgrades and Downgrades

GENK has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of GEN Restaurant Group in a research report on Friday, July 17th. Zacks Research upgraded shares of GEN Restaurant Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, GEN Restaurant Group has a consensus rating of “Hold” and a consensus price target of $3.00.

Institutional Trading of GEN Restaurant Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its holdings in GEN Restaurant Group by 29.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company’s stock worth $296,000 after buying an additional 12,296 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of GEN Restaurant Group in the 2nd quarter valued at approximately $49,000. Finally, Jones Financial Companies Lllp raised its position 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 valued at $228,000 after acquiring an additional 41,294 shares in the last quarter. Institutional investors 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.