GEN Restaurant Group (NASDAQ:GENK) Price Target Lowered to $12.00 at Roth Mkm

GEN Restaurant Group (NASDAQ:GENK) had its price target reduced by Roth Mkm from $14.00 to $12.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

GENK has been the subject of a number of other reports. Benchmark restated a buy rating and set a $14.00 target price on shares of GEN Restaurant Group in a report on Thursday, May 16th. Craig Hallum raised their price objective on shares of GEN Restaurant Group from $10.00 to $13.50 and gave the company a buy rating in a research note on Wednesday, May 15th.

GEN Restaurant Group Trading Down 8.5 %

NASDAQ GENK traded down $0.81 during trading hours on Thursday, reaching $8.74. The company had a trading volume of 29,480 shares, compared to its average volume of 70,359. GEN Restaurant Group has a 1-year low of $5.61 and a 1-year high of $20.50. The stock has a market capitalization of $283.18 million, a P/E ratio of 48.33 and a beta of 2.30. The stock has a 50-day moving average of $9.46 and a 200 day moving average of $9.35. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11.

GEN Restaurant Group (NASDAQ:GENK) last announced its earnings results on Tuesday, May 14th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.10. GEN Restaurant Group had a return on equity of 2.92% and a net margin of 0.56%. The company had revenue of $50.76 million for the quarter, compared to analyst estimates of $47.90 million. As a group, research analysts anticipate that GEN Restaurant Group will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GENK. Skylands Capital LLC lifted its position in shares of GEN Restaurant Group by 19.6% during the 2nd quarter. Skylands Capital LLC now owns 176,360 shares of the company’s stock worth $1,598,000 after purchasing an additional 28,960 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of GEN Restaurant Group by 487.8% during the 1st quarter. Vanguard Group Inc. now owns 164,574 shares of the company’s stock worth $1,922,000 after acquiring an additional 136,578 shares in the last quarter. Sanders Morris Harris LLC purchased a new position in shares of GEN Restaurant Group in the 1st quarter valued at about $2,628,000. Finally, Wasatch Advisors LP increased its holdings in shares of GEN Restaurant Group by 23.6% in the 4th quarter. Wasatch Advisors LP now owns 657,738 shares of the company’s stock valued at $5,150,000 after acquiring an additional 125,542 shares during the last quarter. Institutional investors and hedge funds 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.