GEN Restaurant Group (NASDAQ:GENK) Stock Price Down 0.3% – What’s Next?
by Jessica Moore · The Cerbat GemGEN Restaurant Group, Inc. (NASDAQ:GENK – Get Free Report) shares fell 0.3% on Thursday . The stock traded as low as $1.66 and last traded at $1.68. 15,581 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 39,889 shares. The stock had previously closed at $1.6850.
Analyst Ratings Changes
Several research firms have recently weighed in on GENK. Weiss Ratings reissued a “sell (d)” rating on shares of GEN Restaurant Group in a research report on Tuesday. Roth Mkm dropped their target price on shares of GEN Restaurant Group from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Finally, Benchmark downgraded shares of GEN Restaurant Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, GEN Restaurant Group currently has a consensus rating of “Hold” and a consensus target price of $4.50.
View Our Latest Report on GEN Restaurant Group
GEN Restaurant Group Trading Down 4.1%
The stock has a market cap of $53.03 million, a price-to-earnings ratio of -2.78 and a beta of 1.19. The firm’s 50 day moving average is $1.73 and its two-hundred day moving average is $2.23. The company has a quick ratio of 0.40, a current ratio of 0.42 and a debt-to-equity ratio of 0.41.
GEN Restaurant Group (NASDAQ:GENK – Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.08). The business had revenue of $49.75 million for the quarter, compared to analyst estimates of $58.77 million. GEN Restaurant Group had a negative return on equity of 1.24% and a negative net margin of 1.42%. Equities analysts anticipate that GEN Restaurant Group, Inc. will post -0.16 EPS for the current year.
Institutional Investors Weigh In On GEN Restaurant Group
Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in GEN Restaurant Group during the second quarter worth about $49,000. Goldman Sachs Group Inc. raised its stake in GEN Restaurant Group by 36.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 75,478 shares of the company’s stock worth $159,000 after acquiring an additional 20,265 shares during the period. Finally, Jones Financial Companies Lllp raised its stake 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 worth $228,000 after acquiring an additional 41,294 shares during the period. Institutional investors and hedge funds 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.