Sanders Morris Harris LLC Acquires 609,102 Shares of GEN Restaurant Group, Inc. $GENK

Sanders Morris Harris LLC acquired a new position in shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 609,102 shares of the company’s stock, valued at approximately $1,060,000.

Wall Street Analysts Forecast Growth

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

GEN Restaurant Group Price Performance

NASDAQ:GENK traded up $0.24 on Wednesday, hitting $1.69. The company had a trading volume of 56,739,943 shares, compared to its average volume of 376,619. The stock has a market capitalization of $55.71 million, a price-to-earnings 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. The firm has a 50 day moving average of $1.80 and a two-hundred day moving average of $1.89. GEN Restaurant Group, Inc. has a 52 week low of $1.39 and a 52 week high of $3.20.

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

GEN Restaurant Group Company 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.