GEN Restaurant Group (NASDAQ:GENK) Shares Up 6.7% – Still a Buy?

GEN Restaurant Group, Inc. (NASDAQ:GENK)’s share price shot up 6.7% during mid-day trading on Thursday . The company traded as high as $2.70 and last traded at $2.69. 46,701 shares traded hands during trading, a decline of 28% from the average session volume of 65,198 shares. The stock had previously closed at $2.52.

Wall Street Analyst Weigh In

GENK has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of GEN Restaurant Group in a research report on Wednesday, October 8th. Benchmark reiterated a “buy” rating on shares of GEN Restaurant Group in a research note on Monday, November 10th. Finally, Roth Capital cut their target price on shares of GEN Restaurant Group from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.50.

GEN Restaurant Group Trading Down 2.2%

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.30 and a current ratio of 0.33. The company’s 50 day moving average is $2.46 and its 200 day moving average is $3.07. The stock has a market capitalization of $86.63 million, a price-to-earnings ratio of -10.12 and a beta of 1.47.

GEN Restaurant Group (NASDAQ:GENK) last posted its quarterly earnings results on Friday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. The company had revenue of $50.42 million for the quarter, compared to analyst estimates of $54.25 million. GEN Restaurant Group had a negative net margin of 0.61% and a positive return on equity of 0.51%. On average, research analysts forecast that GEN Restaurant Group, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Trading of GEN Restaurant Group

A number of hedge funds have recently modified their holdings of GENK. Sanders Morris Harris LLC grew its holdings in shares of GEN Restaurant Group by 75.0% during the 3rd quarter. Sanders Morris Harris LLC now owns 472,516 shares of the company’s stock worth $1,299,000 after purchasing an additional 202,524 shares in the last quarter. Quadrature Capital Ltd bought a new position in GEN Restaurant Group in the second quarter worth $191,000. XTX Topco Ltd acquired a new stake in GEN Restaurant Group during the second quarter worth $49,000. Goldman Sachs Group Inc. raised its stake in shares of GEN Restaurant Group by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company’s stock valued at $296,000 after buying an additional 12,296 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of GEN Restaurant Group by 1,376,466.7% in 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 in the last quarter. Institutional investors own 10.22% of the company’s stock.

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.