Benchmark Cuts GEN Restaurant Group (NASDAQ:GENK) Price Target to $8.00

GEN Restaurant Group (NASDAQ:GENK) had its price target decreased by Benchmark from $11.00 to $8.00 in a research report released on Thursday,Benzinga reports. Benchmark currently has a buy rating on the stock.

Separately, Roth Capital set a $10.00 price objective on GEN Restaurant Group in a report on Friday, March 7th.

GEN Restaurant Group Trading Up 0.7%

NASDAQ GENK opened at $4.05 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 0.12. GEN Restaurant Group has a twelve month low of $3.85 and a twelve month high of $13.12. The company has a market cap of $134.20 million, a price-to-earnings ratio of 23.82 and a beta of 1.67. The business’s fifty day moving average is $4.87 and its 200 day moving average is $6.41.

GEN Restaurant Group (NASDAQ:GENK) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.04 earnings per share for the quarter. GEN Restaurant Group had a return on equity of 1.83% and a net margin of 0.39%. The company had revenue of $57.34 million for the quarter, compared to the consensus estimate of $61.09 million. As a group, sell-side analysts expect that GEN Restaurant Group will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealthedge Investment Advisors LLC acquired a new position in GEN Restaurant Group during the 4th quarter worth about $143,000. Northern Trust Corp lifted its holdings in GEN Restaurant Group by 68.3% during the 4th quarter. Northern Trust Corp now owns 25,071 shares of the company’s stock worth $188,000 after buying an additional 10,176 shares during the period. Jones Financial Companies Lllp lifted its holdings in GEN Restaurant Group by 1,376,466.7% during the 1st quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company’s stock worth $228,000 after buying an additional 41,294 shares during the period. Goldman Sachs Group Inc. lifted its holdings in GEN Restaurant Group by 29.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company’s stock worth $296,000 after buying an additional 12,296 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in GEN Restaurant Group by 235.8% during the 4th quarter. Renaissance Technologies LLC now owns 54,400 shares of the company’s stock worth $407,000 after buying an additional 38,200 shares during the period. 10.22% of the stock is owned by institutional investors and hedge funds.

GEN Restaurant Group Company Profile

GEN Restaurant Group, Inc operates restaurants in California, Arizona, Hawaii, Nevada, Texas, New York, and Florida. It offers meats, poultry, and seafood. The company was founded in 2011 and is based in Cerritos, California.