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

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

GENK has been the topic of several other research reports. Weiss Ratings restated a “sell (d)” rating on shares of GEN Restaurant Group in a research note on Thursday, January 22nd. Roth Mkm lowered their target price on shares of GEN Restaurant Group from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $4.50.

GEN Restaurant Group Stock Down 1.8%

NASDAQ GENK traded down $0.03 on Thursday, hitting $1.65. 27,288 shares of the stock traded hands, compared to its average volume of 50,886. The company has a market capitalization of $54.48 million, a P/E ratio of -2.85 and a beta of 1.18. The stock has a 50-day moving average of $1.88 and a 200 day moving average of $2.39. The company has a current ratio of 0.33, a quick ratio of 0.30 and a debt-to-equity ratio of 0.16. GEN Restaurant Group has a twelve month low of $1.50 and a twelve month high of $5.30.

GEN Restaurant Group (NASDAQ:GENK) last issued 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). The company had revenue of $49.75 million during the quarter, compared to analyst estimates of $58.77 million. GEN Restaurant Group had a negative net margin of 0.61% and a positive return on equity of 0.51%. As a group, analysts expect that GEN Restaurant Group will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of GEN Restaurant Group

A number of hedge funds have recently bought and sold shares of GENK. XTX Topco Ltd purchased a new stake in shares of GEN Restaurant Group in the 2nd quarter valued at approximately $49,000. Goldman Sachs Group Inc. increased its stake in GEN Restaurant Group by 36.7% in the 4th 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 during the period. Quadrature Capital Ltd purchased a new stake in GEN Restaurant Group in the 2nd quarter worth approximately $191,000. Jones Financial Companies Lllp grew its holdings 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 in the last quarter. Finally, Sanders Morris Harris LLC raised its holdings in shares of 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 in the last quarter. 10.22% of the stock is owned by hedge funds and other institutional investors.

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.