GEN Restaurant Group (NASDAQ:GENK) Shares Down 2.3% – Time to Sell?

GEN Restaurant Group, Inc. (NASDAQ:GENK) shares dropped 2.3% on Friday . The company traded as low as $2.03 and last traded at $2.08. Approximately 33,742 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 53,032 shares. The stock had previously closed at $2.13.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Roth Mkm decreased their target price on shares of GEN Restaurant Group from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Monday, December 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of GEN Restaurant Group in a report on Thursday, January 22nd. Finally, Benchmark reaffirmed a “buy” rating on shares of GEN Restaurant Group in a research note on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, GEN Restaurant Group currently has an average rating of “Hold” and a consensus target price of $4.50.

GEN Restaurant Group Price Performance

The company’s 50 day simple moving average is $2.36 and its 200 day simple moving average is $2.92. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.33 and a quick ratio of 0.30. The company has a market capitalization of $68.52 million, a PE ratio of -8.00 and a beta of 1.47.

GEN Restaurant Group (NASDAQ:GENK) last announced its quarterly earnings results on Friday, November 7th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $50.42 million during the quarter, compared to analysts’ expectations of $54.25 million. GEN Restaurant Group had a negative net margin of 0.61% and a positive return on equity of 0.51%. As a group, sell-side analysts predict that GEN Restaurant Group, Inc. will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in shares of GEN Restaurant Group in the 2nd quarter valued at approximately $49,000. Quadrature Capital Ltd purchased a new stake in shares of GEN Restaurant Group in the 2nd quarter worth about $191,000. Jones Financial Companies Lllp increased its stake 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 worth $228,000 after purchasing an additional 41,294 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in GEN Restaurant Group by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 53,573 shares of the company’s stock valued at $296,000 after purchasing an additional 12,296 shares in the last quarter. Finally, Sanders Morris Harris LLC raised its holdings in GEN Restaurant Group by 35.3% in the 2nd quarter. Sanders Morris Harris LLC now owns 269,992 shares of the company’s stock valued at $1,053,000 after acquiring an additional 70,502 shares during the last quarter. 10.22% of the stock is currently owned by institutional investors and hedge funds.

GEN Restaurant Group Company Profile

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.