GEN Restaurant Group (NASDAQ:GENK) Issues Earnings Results

GEN Restaurant Group (NASDAQ:GENK) released its quarterly earnings data on Tuesday. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02, Zacks reports. The business had revenue of $49.11 million during the quarter, compared to analyst estimates 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 period last year, the company posted $0.08 EPS.

GEN Restaurant Group Price Performance

Shares of GENK traded down $2.33 during trading hours on Wednesday, hitting $7.89. 338,878 shares of the company were exchanged, compared to its average volume of 59,295. The company has a market capitalization of $258.40 million, a PE ratio of 46.24 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.05 and a quick ratio of 1.04. The firm has a fifty day simple moving average of $8.52 and a 200-day simple moving average of $9.22. GEN Restaurant Group has a one year low of $5.61 and a one year high of $14.46.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reduced their price objective on GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, August 1st.

About GEN Restaurant Group

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.