GEN Restaurant Group (NASDAQ:GENK) Stock Rating Lowered by Zacks Research

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

Other research analysts also recently issued research reports about the company. Weiss Ratings reissued a “sell (d)” rating on shares of GEN Restaurant Group in a research note on Tuesday, April 21st. Benchmark downgraded GEN Restaurant Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. One research 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 MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $4.50.

GEN Restaurant Group Stock Up 7.8%

Shares of GENK opened at $2.08 on Wednesday. The firm has a market capitalization of $68.48 million, a price-to-earnings ratio of -2.81 and a beta of 0.99. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.26 and a current ratio of 0.29. The business’s fifty day moving average price is $1.89 and its two-hundred 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.

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

Hedge Funds Weigh In On GEN Restaurant Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in GEN Restaurant Group during the second quarter worth about $49,000. Goldman Sachs Group Inc. grew its holdings 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 worth $296,000 after purchasing an additional 12,296 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings 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 purchasing an additional 41,294 shares during the period. 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.