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

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

A number of other research firms also recently weighed in on GENK. Benchmark downgraded shares of GEN Restaurant Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of GEN Restaurant Group in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, GEN Restaurant Group has an average rating of “Reduce” and an average price target of $4.50.

GEN Restaurant Group Trading Up 7.8%

Shares of GENK stock opened at $2.08 on Wednesday. The firm has a 50 day moving average price of $1.89 and a two-hundred day moving average price of $2.06. The company has a quick ratio of 0.26, a current ratio of 0.29 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $68.48 million, a PE ratio of -2.81 and a beta of 0.99. GEN Restaurant Group has a 12-month low of $1.43 and a 12-month high of $4.99.

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

Institutional Investors Weigh In On GEN Restaurant Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its position in shares of 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. XTX Topco Ltd acquired a new stake in shares of GEN Restaurant Group in the second quarter valued at approximately $49,000. Finally, Jones Financial Companies Lllp raised its position in shares of GEN Restaurant Group by 1,376,466.7% in the first quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company’s stock valued at $228,000 after buying an additional 41,294 shares in the last quarter. 10.22% of the stock is currently owned by institutional investors and hedge funds.

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.