GEN Restaurant Group (NASDAQ:GENK) Issues Earnings Results, Beats Estimates By $0.02 EPS

GEN Restaurant Group (NASDAQ:GENK) posted its quarterly earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02, Zacks reports. The firm had revenue of $49.11 million during the quarter, compared to the consensus estimate of $49.90 million. GEN Restaurant Group had a return on equity of 1.90% and a net margin of 0.39%. During the same quarter in the previous year, the business earned $0.08 earnings per share.

GEN Restaurant Group Stock Down 19.1 %

NASDAQ GENK opened at $8.27 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.10. GEN Restaurant Group has a fifty-two week low of $5.61 and a fifty-two week high of $14.46. The business has a 50 day moving average price of $8.51 and a two-hundred day moving average price of $9.21. The stock has a market cap of $270.84 million, a PE ratio of 48.65 and a beta of 2.12.

Analyst Ratings Changes

Separately, Roth Mkm cut their target price on shares of GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st.

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.