Zacks Research Downgrades GEN Restaurant Group (NASDAQ:GENK) to Strong Sell

GEN Restaurant Group (NASDAQ:GENK) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.

GENK has been the topic of a number of other research reports. Benchmark cut shares of GEN Restaurant Group from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Weiss Ratings reiterated 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, GEN Restaurant Group currently has an average rating of “Reduce” and an average price target of $4.50.

GEN Restaurant Group Trading Up 7.8%

NASDAQ:GENK opened at $2.08 on Wednesday. The company’s 50 day moving average price is $1.89 and its 200-day moving average price is $2.06. GEN Restaurant Group has a 52 week low of $1.43 and a 52 week high of $4.99. The company has a quick ratio of 0.26, a current ratio of 0.29 and a debt-to-equity ratio of 0.56. The stock 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 results on Thursday, May 14th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $53.90 million for the quarter, compared to analysts’ expectations of $57.00 million. On average, equities research analysts forecast that GEN Restaurant Group will post -0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its position in GEN Restaurant Group by 29.8% during the first quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company’s stock valued at $296,000 after purchasing an additional 12,296 shares during the period. Jones Financial Companies Lllp lifted its position in GEN Restaurant Group by 1,376,466.7% during the first quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company’s stock valued at $228,000 after purchasing an additional 41,294 shares during the period. Finally, XTX Topco Ltd bought a new position in GEN Restaurant Group during the second quarter valued at approximately $49,000. Institutional investors own 10.22% of the company’s stock.

About GEN Restaurant Group

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.