GEN Restaurant Group (NASDAQ:GENK) Given Buy Rating at Benchmark

GEN Restaurant Group (NASDAQ:GENK - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Benchmark in a research note issued to investors on Monday,Benzinga reports. They presently have a $14.00 price objective on the stock. Benchmark's price target points to a potential upside of 61.29% from the company's previous close.

Separately, Roth Mkm lowered their price target 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 Price Performance

GENK stock traded up $0.39 on Monday, hitting $8.68. 86,605 shares of the company's stock traded hands, compared to its average volume of 60,048. GEN Restaurant Group has a 1-year low of $5.61 and a 1-year high of $14.46. The stock has a fifty day moving average of $8.52 and a 200-day moving average of $9.18. The stock has a market cap of $284.26 million, a price-to-earnings ratio of 51.06 and a beta of 2.12. The company has a current ratio of 0.91, a quick ratio of 1.04 and a debt-to-equity ratio of 0.12.

GEN Restaurant Group (NASDAQ:GENK - Get Free Report) last announced its 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. The business 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 1.83% and a net margin of 0.39%. During the same period in the prior year, the business posted $0.08 earnings per share. On average, analysts forecast that GEN Restaurant Group will post 0.01 EPS for the current fiscal year.

Institutional Trading of GEN Restaurant Group

A number of institutional investors have recently bought and sold shares of GENK. Wasatch Advisors LP lifted its holdings in shares of GEN Restaurant Group by 72.7% during the 3rd quarter. Wasatch Advisors LP now owns 838,451 shares of the company's stock valued at $7,077,000 after buying an additional 352,922 shares during the last quarter. Vanguard Group Inc. lifted its stake in GEN Restaurant Group by 487.8% in the first quarter. Vanguard Group Inc. now owns 164,574 shares of the company's stock valued at $1,922,000 after acquiring an additional 136,578 shares during the last quarter. Herr Investment Group LLC acquired a new position in shares of GEN Restaurant Group during the 2nd quarter worth $738,000. Resolute Capital Asset Partners LLC increased its position in GEN Restaurant Group by 645.2% during the second quarter. Resolute Capital Asset Partners LLC now owns 74,520 shares of the company's stock worth $675,000 after buying an additional 64,520 shares during the last quarter. Finally, Skylands Capital LLC raised its holdings in GEN Restaurant Group by 19.6% during the second quarter. Skylands Capital LLC now owns 176,360 shares of the company's stock valued at $1,598,000 after buying an additional 28,960 shares in the last quarter. Institutional investors and hedge funds 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.