GEN Restaurant Group (NASDAQ:GENK) Trading 0.5% Higher – Still a Buy?

GEN Restaurant Group, Inc. (NASDAQ:GENK) shot up 0.5% during trading on Friday . The company traded as high as $2.12 and last traded at $2.04. 20,347 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 23,911 shares. The stock had previously closed at $2.03.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GENK. Benchmark cut GEN Restaurant Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Weiss Ratings restated a “sell (d)” rating on shares of GEN Restaurant Group in a report on Tuesday, April 21st. Finally, Zacks Research downgraded shares of GEN Restaurant Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $4.50.

GEN Restaurant Group Price Performance

The stock has a fifty day simple moving average of $2.02 and a 200-day simple moving average of $2.02. 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 capitalization of $67.16 million, a PE ratio of -2.76 and a beta of 0.99.

GEN Restaurant Group (NASDAQ:GENK) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). GEN Restaurant Group had a negative return on equity of 4.50% and a negative net margin of 1.86%.The company had revenue of $53.90 million for the quarter, compared to analyst estimates of $57.00 million. Equities analysts anticipate that GEN Restaurant Group, Inc. will post -0.32 earnings per share for the current year.

Institutional Trading of GEN Restaurant Group

Several hedge funds have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in shares of GEN Restaurant Group during the 2nd quarter worth $49,000. Goldman Sachs Group Inc. increased its holdings in GEN Restaurant Group by 36.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 75,478 shares of the company’s stock valued at $159,000 after buying an additional 20,265 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted 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 during the period. 10.22% of the stock is owned by institutional investors and hedge funds.

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.