GEN Restaurant Group (NASDAQ:GENK) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of GEN Restaurant Group (NASDAQ:GENK) from a strong sell rating to a hold rating in a research report report published on Tuesday morning,Zacks.com reports.

Other analysts have also issued reports about the company. Benchmark lowered GEN Restaurant Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of GEN Restaurant Group in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.50.

GEN Restaurant Group Trading Up 2.3%

Shares of GEN Restaurant Group stock opened at $1.77 on Tuesday. The firm has a market capitalization of $58.27 million, a PE ratio of -2.39 and a beta of 0.98. GEN Restaurant Group has a twelve month low of $1.43 and a twelve month high of $4.99. The firm’s 50-day moving average price is $2.08 and its 200 day moving average price is $1.98. The company has a current ratio of 0.29, a quick ratio of 0.26 and a debt-to-equity ratio of 0.56.

GEN Restaurant Group (NASDAQ:GENK) last posted 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). GEN Restaurant Group had a negative return on equity of 4.50% and a negative net margin of 1.86%.The firm had revenue of $53.90 million during the quarter, compared to analyst estimates of $57.00 million. On average, sell-side analysts predict that GEN Restaurant Group will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On GEN Restaurant Group

A number of institutional investors have recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in GEN Restaurant Group in the 2nd quarter valued at about $49,000. Goldman Sachs Group Inc. raised its position in shares of GEN Restaurant Group by 36.7% during 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. Finally, Jones Financial Companies Lllp raised its position 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 buying an additional 41,294 shares during the period. 10.22% of the stock is owned by hedge funds and other institutional investors.

GEN Restaurant Group Company Profile

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.