GEN Restaurant Group (NASDAQ:GENK) Price Target Cut to $8.00 by Analysts at Benchmark

GEN Restaurant Group (NASDAQ:GENK) had its price target trimmed by Benchmark from $11.00 to $8.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Roth Capital set a $10.00 target price on GEN Restaurant Group in a report on Friday, March 7th.

GEN Restaurant Group Trading Down 4.5%

GENK opened at $4.02 on Thursday. The firm has a 50 day simple moving average of $4.90 and a 200 day simple moving average of $6.47. GEN Restaurant Group has a fifty-two week low of $3.85 and a fifty-two week high of $13.12. The company has a market cap of $133.21 million, a price-to-earnings ratio of 23.65 and a beta of 1.67. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.87.

GEN Restaurant Group (NASDAQ:GENK) last issued its earnings results on Tuesday, May 13th. The company reported $0.04 EPS for the quarter. The company had revenue of $57.34 million during the quarter, compared to analysts’ expectations of $61.09 million. GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. On average, sell-side analysts anticipate that GEN Restaurant Group will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On GEN Restaurant Group

Several large investors have recently bought and sold shares of the company. Wealthedge Investment Advisors LLC acquired a new position in shares of GEN Restaurant Group in the 4th quarter valued at approximately $143,000. Northern Trust Corp boosted its stake in GEN Restaurant Group by 68.3% in the 4th quarter. Northern Trust Corp now owns 25,071 shares of the company’s stock worth $188,000 after purchasing an additional 10,176 shares during the period. Renaissance Technologies LLC increased its holdings in GEN Restaurant Group by 235.8% during the 4th quarter. Renaissance Technologies LLC now owns 54,400 shares of the company’s stock worth $407,000 after purchasing an additional 38,200 shares in the last quarter. Diametric Capital LP raised its stake in shares of GEN Restaurant Group by 163.7% in the 4th quarter. Diametric Capital LP now owns 67,933 shares of the company’s stock valued at $508,000 after purchasing an additional 42,175 shares during the period. Finally, 1492 Capital Management LLC lifted its holdings in shares of GEN Restaurant Group by 248.8% in the first quarter. 1492 Capital Management LLC now owns 114,102 shares of the company’s stock valued at $630,000 after purchasing an additional 81,393 shares in the last quarter. Institutional investors own 10.22% of the company’s stock.

GEN Restaurant Group Company Profile

GEN Restaurant Group, Inc operates restaurants in California, Arizona, Hawaii, Nevada, Texas, New York, and Florida. It offers meats, poultry, and seafood. The company was founded in 2011 and is based in Cerritos, California.