GEN Restaurant Group (NASDAQ:GENK) Earns Hold Rating from Benchmark

GEN Restaurant Group (NASDAQ:GENK)‘s stock had its “hold” rating reissued by equities research analysts at Benchmark in a report released on Thursday,Benzinga reports.

A number of other research analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of GEN Restaurant Group in a research note on Thursday, January 22nd. Roth Mkm lowered their price target on shares of GEN Restaurant Group from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.50.

GEN Restaurant Group Stock Down 1.8%

Shares of NASDAQ GENK traded down $0.03 during midday trading on Thursday, reaching $1.65. 27,288 shares of the company’s stock traded hands, compared to its average volume of 50,886. The company has a market cap of $54.48 million, a price-to-earnings ratio of -2.85 and a beta of 1.18. The stock’s 50 day simple moving average is $1.88 and its 200-day simple moving average is $2.39. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.16. GEN Restaurant Group has a one year low of $1.50 and a one year high of $5.30.

GEN Restaurant Group (NASDAQ:GENK) last announced its earnings results on Tuesday, March 31st. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). GEN Restaurant Group had a positive return on equity of 0.51% and a negative net margin of 0.61%.The firm had revenue of $49.75 million during the quarter, compared to the consensus estimate of $58.77 million. On average, analysts predict that GEN Restaurant Group will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On GEN Restaurant Group

Several large investors have recently modified their holdings of GENK. XTX Topco Ltd acquired a new stake in GEN Restaurant Group during the second quarter worth approximately $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 purchasing an additional 20,265 shares during the period. Quadrature Capital Ltd acquired a new position in GEN Restaurant Group in the second quarter valued at $191,000. Jones Financial Companies Lllp grew 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 acquiring an additional 41,294 shares during the period. Finally, Sanders Morris Harris LLC increased its stake in GEN Restaurant Group by 75.0% during the third quarter. Sanders Morris Harris LLC now owns 472,516 shares of the company’s stock worth $1,299,000 after acquiring an additional 202,524 shares during the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

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.