GEN Restaurant Group (NASDAQ:GENK) Rating Lowered to Hold at Benchmark

GEN Restaurant Group (NASDAQ:GENK) was downgraded by analysts at Benchmark from a “buy” rating to a “hold” rating in a report issued on Thursday, MarketBeat.com reports.

Several other analysts also recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of GEN Restaurant Group in a research note on Thursday, January 22nd. Roth Mkm lowered their price objective on GEN Restaurant Group from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, GEN Restaurant Group currently has a consensus rating of “Hold” and an average price target of $4.50.

GEN Restaurant Group Price Performance

GEN Restaurant Group stock opened at $1.52 on Thursday. The company’s 50-day moving average price is $1.85 and its two-hundred day moving average price is $2.37. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.16. The stock has a market cap of $50.07 million, a P/E ratio of -2.62 and a beta of 1.19. GEN Restaurant Group has a twelve month low of $1.47 and a twelve month high of $5.30.

GEN Restaurant Group (NASDAQ:GENK) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.08). GEN Restaurant Group had a positive return on equity of 0.51% and a negative net margin of 0.61%.The firm had revenue of $49.75 million for the quarter, compared to the consensus estimate of $58.77 million. As a group, analysts expect that GEN Restaurant Group will post 0.01 EPS for the current year.

Institutional Investors Weigh In On GEN Restaurant Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in GEN Restaurant Group during the second quarter worth approximately $49,000. Goldman Sachs Group Inc. raised its holdings in GEN Restaurant Group by 36.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 75,478 shares of the company’s stock valued at $159,000 after acquiring an additional 20,265 shares in the last quarter. Quadrature Capital Ltd acquired a new position in GEN Restaurant Group in the 2nd quarter valued at $191,000. Jones Financial Companies Lllp lifted its position in shares of 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 valued at $228,000 after acquiring an additional 41,294 shares during the period. Finally, Sanders Morris Harris LLC lifted its position 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 valued at $1,299,000 after acquiring an additional 202,524 shares during the period. 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.