GEN Restaurant Group (NASDAQ:GENK) Price Target Cut to $16.00

GEN Restaurant Group (NASDAQ:GENK) had its price target cut by equities research analysts at Craig Hallum from $27.00 to $16.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s price objective suggests a potential upside of 120.08% from the stock’s previous close.

A number of other research analysts have also recently commented on GENK. Benchmark reduced their target price on GEN Restaurant Group from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday. Roth Capital reiterated a “buy” rating on shares of GEN Restaurant Group in a report on Monday, July 24th. Finally, Roth Mkm started coverage on shares of GEN Restaurant Group in a report on Monday, July 24th. They issued a “buy” rating and a $23.00 price objective for the company.

GEN Restaurant Group Stock Down 1.9 %

GEN Restaurant Group stock opened at $7.27 on Wednesday. GEN Restaurant Group has a fifty-two week low of $7.03 and a fifty-two week high of $20.50. The stock has a fifty day moving average price of $10.54. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.22.

Hedge Funds Weigh In On GEN Restaurant Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC bought a new position in shares of GEN Restaurant Group during the third quarter valued at approximately $68,000. Walleye Capital LLC bought a new stake in shares of GEN Restaurant Group during the second quarter valued at approximately $302,000. Cruiser Capital Advisors LLC bought a new stake in shares of GEN Restaurant Group during the second quarter valued at approximately $340,000. Sei Investments Co. bought a new stake in shares of GEN Restaurant Group during the second quarter valued at approximately $351,000. Finally, Valmark Advisers Inc. bought a new stake in shares of GEN Restaurant Group during the third quarter valued at approximately $257,000.

GEN Restaurant Group Company Profile

GEN Restaurant Group, Inc operates restaurants in California, Arizona, Hawaii, Nevada, New York, and Texas. Its restaurants specialize in various flavored meats for Korean barbeque. The company was founded in 2011 and is based in Cerritos, California.