Sanders Morris Harris LLC Buys New Position in GEN Restaurant Group, Inc. $GENK

Sanders Morris Harris LLC purchased a new stake in GEN Restaurant Group, Inc. (NASDAQ:GENK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 609,102 shares of the company’s stock, valued at approximately $1,060,000. Sanders Morris Harris LLC owned approximately 1.85% of GEN Restaurant Group at the end of the most recent quarter.

GEN Restaurant Group Price Performance

GEN Restaurant Group stock traded up $0.24 during trading hours on Wednesday, reaching $1.69. 56,739,943 shares of the stock were exchanged, compared to its average volume of 376,619. The company has a market cap of $55.71 million, a P/E ratio of -2.04 and a beta of 0.98. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 0.58. GEN Restaurant Group, Inc. has a twelve month low of $1.39 and a twelve month high of $3.20. The stock has a 50 day moving average of $1.80 and a two-hundred day moving average of $1.89.

GEN Restaurant Group (NASDAQ:GENK) last issued its earnings results on Monday, August 10th. The company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). GEN Restaurant Group had a negative net margin of 2.09% and a negative return on equity of 7.76%. The company had revenue of $55.73 million during the quarter, compared to analysts’ expectations of $57.20 million. Equities analysts expect that GEN Restaurant Group, Inc. will post -0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GENK shares. Weiss Ratings downgraded GEN Restaurant Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. Zacks Research raised GEN Restaurant Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.00.

GEN Restaurant Group Profile

GEN Restaurant Group, Inc operates GEN Korean BBQ House, a casual-dining restaurant concept specializing in Korean barbecue. Its restaurants offer a variety of marinated meats, seafood, and vegetables that customers grill at their tables, along with Korean-inspired appetizers, sides, sauces, and beverages.

The company’s business model combines an interactive dining experience with an extensive menu served in a full-service restaurant setting. GEN Korean BBQ House is designed to appeal to both individual diners and groups, with restaurants typically featuring contemporary interiors and table-top cooking equipment.

GEN Restaurant Group was founded in Southern California and has expanded its restaurant operations beyond its original market into additional U.S.