GEN Restaurant Group (NASDAQ:GENK) Announces Earnings Results

GEN Restaurant Group (NASDAQ:GENK) announced its quarterly earnings data on Tuesday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.10), FiscalAI reports. The business had revenue of $48.74 million during the quarter, compared to the consensus estimate of $53.90 million. GEN Restaurant Group had a negative net margin of 2.09% and a negative return on equity of 7.76%.

GEN Restaurant Group Trading Up 6.3%

NASDAQ:GENK traded up $0.09 during trading hours on Tuesday, hitting $1.51. The stock had a trading volume of 78,246 shares, compared to its average volume of 365,906. GEN Restaurant Group has a one year low of $1.21 and a one year high of $2.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.25 and a current ratio of 0.29. The company has a market cap of $49.78 million, a price-to-earnings ratio of -1.82 and a beta of 0.98. The business’s 50 day moving average is $1.64 and its 200-day moving average is $1.85.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GENK. Zacks Research upgraded GEN Restaurant Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of GEN Restaurant Group in a research note on Wednesday, November 4th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, GEN Restaurant Group has a consensus rating of “Hold” and an average price target of $3.00.

GEN Restaurant Group Company Profile

GEN Restaurant Group, Inc. operates GEN Korean BBQ, an Asian-inspired restaurant concept specializing in Korean barbecue. Its restaurants offer an all-you-can-eat dining experience in which guests select from a menu of marinated meats, seafood, vegetables, appetizers and other Korean- and Asian-influenced dishes that are prepared on tabletop grills. The company’s menu typically includes items such as bulgogi, spicy pork, chicken, beef, shrimp and other barbecue selections, along with traditional Korean side dishes and sauces.