GEN Restaurant Group (NASDAQ:GENK) Receives “Buy” Rating from Benchmark

Benchmark reiterated their buy rating on shares of GEN Restaurant Group (NASDAQ:GENK) in a report issued on Monday morning,Benzinga reports. The brokerage currently has a $14.00 price objective on the stock.

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

GEN Restaurant Group Stock Performance

Shares of GEN Restaurant Group stock opened at $8.68 on Monday. GEN Restaurant Group has a 52 week low of $5.61 and a 52 week high of $14.46. The business’s fifty day simple moving average is $8.52 and its 200-day simple moving average is $9.18. The firm has a market cap of $284.26 million, a PE ratio of 51.06 and a beta of 2.12. The company has a quick ratio of 1.04, a current ratio of 0.91 and a debt-to-equity ratio of 0.12.

GEN Restaurant Group (NASDAQ:GENK) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. GEN Restaurant Group had a return on equity of 1.83% and a net margin of 0.39%. The business had revenue of $49.11 million for the quarter, compared to analyst estimates of $49.90 million. During the same quarter in the prior year, the company posted $0.08 EPS. Equities analysts forecast that GEN Restaurant Group will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On GEN Restaurant Group

Several institutional investors and hedge funds have recently modified their holdings of GENK. Vanguard Group Inc. raised its holdings in shares of GEN Restaurant Group by 487.8% in the 1st quarter. Vanguard Group Inc. now owns 164,574 shares of the company’s stock valued at $1,922,000 after buying an additional 136,578 shares during the period. Skylands Capital LLC grew its position in shares of GEN Restaurant Group by 19.6% during the second quarter. Skylands Capital LLC now owns 176,360 shares of the company’s stock worth $1,598,000 after buying an additional 28,960 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of GEN Restaurant Group by 86.2% during the second quarter. Renaissance Technologies LLC now owns 35,199 shares of the company’s stock worth $319,000 after buying an additional 16,299 shares in the last quarter. Connors Investor Services Inc. purchased a new stake in shares of GEN Restaurant Group during the second quarter worth approximately $124,000. Finally, Resolute Capital Asset Partners LLC lifted its stake in GEN Restaurant Group by 645.2% in the second quarter. Resolute Capital Asset Partners LLC now owns 74,520 shares of the company’s stock worth $675,000 after acquiring an additional 64,520 shares during the last quarter. Hedge funds and other institutional investors own 10.22% of the company’s stock.

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.