GEN Restaurant Group (NASDAQ:GENK) Shares Down 0.5% – Should You Sell?

Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) fell 0.5% during mid-day trading on Tuesday . The stock traded as low as $1.88 and last traded at $1.90. 22,224 shares were traded during trading, a decline of 96% from the average daily volume of 536,526 shares. The stock had previously closed at $1.91.

Analyst Upgrades and Downgrades

A number of equities research analysts have 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 research note on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, GEN Restaurant Group has an average rating of “Hold” and an average price target of $3.00.

GEN Restaurant Group Stock Performance

The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 0.58. The firm has a market cap of $62.22 million, a PE ratio of -2.28 and a beta of 0.94. The stock’s 50 day moving average price is $1.93 and its 200 day moving average price is $1.90.

GEN Restaurant Group (NASDAQ:GENK) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). GEN Restaurant Group had a negative net margin of 2.09% and a negative return on equity of 7.76%. The firm had revenue of $55.73 million during the quarter, compared to analysts’ expectations of $57.20 million. As a group, equities analysts forecast that GEN Restaurant Group, Inc. will post -0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GEN Restaurant Group

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in GEN Restaurant Group by 36.7% during 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. Jones Financial Companies Lllp grew its position 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 worth $228,000 after acquiring an additional 41,294 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of GEN Restaurant Group in the 2nd quarter valued at approximately $49,000. 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.