GEN Restaurant Group (NASDAQ:GENK) Stock Rating Upgraded by Zacks Research

GEN Restaurant Group (NASDAQ:GENK) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of GEN Restaurant Group in a report on Tuesday, April 21st. Benchmark lowered GEN Restaurant Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $4.50.

GEN Restaurant Group Price Performance

Shares of GEN Restaurant Group stock opened at $1.77 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.26 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $58.27 million, a price-to-earnings ratio of -2.39 and a beta of 0.98. GEN Restaurant Group has a 1-year low of $1.43 and a 1-year high of $4.99. The firm’s 50-day moving average price is $2.08 and its two-hundred day moving average price is $1.98.

GEN Restaurant Group (NASDAQ:GENK) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.07). GEN Restaurant Group had a negative return on equity of 4.50% and a negative net margin of 1.86%.The firm had revenue of $53.90 million for the quarter, compared to analyst estimates of $57.00 million. On average, equities analysts predict that GEN Restaurant Group will post -0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GEN Restaurant Group

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in shares of GEN Restaurant Group by 29.8% in the first 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. XTX Topco Ltd acquired a new position in GEN Restaurant Group during the 2nd quarter worth $49,000. Finally, Jones Financial Companies Lllp boosted its position in GEN Restaurant Group by 1,376,466.7% in the 1st quarter. Jones Financial Companies Lllp now owns 41,297 shares of the company’s stock valued at $228,000 after buying an additional 41,294 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.