GEN Restaurant Group (NASDAQ:GENK) Trading 5.8% Higher – What’s Next?

Shares of GEN Restaurant Group, Inc. (NASDAQ:GENK) traded up 5.8% on Tuesday . The company traded as high as $1.81 and last traded at $1.81. 21,155 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 44,381 shares. The stock had previously closed at $1.71.

Wall Street Analyst Weigh In

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

GEN Restaurant Group Stock Up 5.8%

The firm has a 50 day simple moving average of $2.19 and a two-hundred day simple moving average of $2.65. The stock has a market capitalization of $59.62 million, a P/E ratio of -6.96 and a beta of 1.47. The company has a quick ratio of 0.30, a current ratio of 0.33 and a debt-to-equity ratio of 0.16.

Institutional Trading of GEN Restaurant Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in shares of GEN Restaurant Group by 36.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 75,478 shares of the company’s stock worth $159,000 after buying an additional 20,265 shares in the last quarter. Sanders Morris Harris LLC lifted its stake in 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 in the last quarter. Quadrature Capital Ltd bought a new stake in GEN Restaurant Group in the 2nd quarter worth about $191,000. XTX Topco Ltd purchased a new stake in shares of GEN Restaurant Group during the second quarter valued at approximately $49,000. Finally, Jones Financial Companies Lllp increased 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 purchasing an additional 41,294 shares during the last quarter. Institutional investors and hedge funds own 10.22% of the company’s stock.

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.