GEN Restaurant Group (NASDAQ:GENK) Issues Quarterly Earnings Results, Meets Expectations

GEN Restaurant Group (NASDAQ:GENK) released its quarterly earnings data on Monday. The company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06), FiscalAI reports. The business had revenue of $55.73 million for the quarter, compared to the consensus estimate of $57.20 million. GEN Restaurant Group had a negative net margin of 1.86% and a negative return on equity of 4.50%.

GEN Restaurant Group Price Performance

NASDAQ GENK traded down $0.14 during trading hours on Monday, hitting $1.82. The company had a trading volume of 6,694,405 shares, compared to its average volume of 73,351. 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 firm has a market capitalization of $59.91 million, a price-to-earnings ratio of -2.46 and a beta of 0.95. GEN Restaurant Group has a 52 week low of $1.43 and a 52 week high of $3.59. The firm has a 50 day simple moving average of $1.99 and a 200 day simple moving average of $1.92.

Wall Street Analysts Forecast Growth

GENK has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of GEN Restaurant Group in a research note on Friday, July 17th. Zacks Research upgraded shares of GEN Restaurant Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, GEN Restaurant Group has a consensus rating of “Hold” and a consensus price target of $3.00.

Institutional Investors Weigh In On GEN Restaurant Group

Institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in 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 worth $228,000 after acquiring an additional 41,294 shares during the period. Goldman Sachs Group Inc. boosted its holdings 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 purchasing an additional 20,265 shares during the period. Finally, XTX Topco Ltd bought a new position in GEN Restaurant Group in the 2nd quarter valued at $49,000. 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.