GEN Restaurant Group (NASDAQ:GENK) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS

GEN Restaurant Group (NASDAQ:GENK) posted its quarterly earnings data on Tuesday. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.10), FiscalAI reports. The business had revenue of $48.74 million during the quarter, compared to analysts’ expectations of $53.90 million. GEN Restaurant Group had a negative net margin of 2.09% and a negative return on equity of 7.76%.

GEN Restaurant Group Stock Up 5.6%

Shares of NASDAQ:GENK traded up $0.08 during trading hours on Tuesday, reaching $1.50. The stock had a trading volume of 90,394 shares, compared to its average volume of 365,943. GEN Restaurant Group has a 1 year low of $1.21 and a 1 year high of $2.85. The firm’s 50 day moving average is $1.64 and its 200-day moving average is $1.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.25 and a current ratio of 0.29. The stock has a market capitalization of $49.45 million, a price-to-earnings ratio of -1.81 and a beta of 0.98.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GENK. Zacks Research raised shares of GEN Restaurant Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings restated a “sell (e+)” rating on shares of GEN Restaurant Group in a research note on Wednesday, November 4th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, GEN Restaurant Group currently has a consensus rating of “Hold” and a consensus target price of $3.00.

About GEN Restaurant Group

GEN Restaurant Group, Inc. operates GEN Korean BBQ, an Asian-inspired restaurant concept specializing in Korean barbecue. Its restaurants offer an all-you-can-eat dining experience in which guests select from a menu of marinated meats, seafood, vegetables, appetizers and other Korean- and Asian-influenced dishes that are prepared on tabletop grills. The company’s menu typically includes items such as bulgogi, spicy pork, chicken, beef, shrimp and other barbecue selections, along with traditional Korean side dishes and sauces.