GEN Restaurant Group (NASDAQ:GENK) Issues Earnings Results

GEN Restaurant Group (NASDAQ:GENK) released its quarterly earnings results on Tuesday. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02, Zacks reports. GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.90%. The firm had revenue of $49.11 million during the quarter, compared to the consensus estimate of $49.90 million. During the same quarter in the prior year, the firm earned $0.08 EPS.

GEN Restaurant Group Stock Performance

GENK traded down $2.36 during trading on Wednesday, hitting $7.86. The stock had a trading volume of 332,689 shares, compared to its average volume of 59,267. The firm has a market capitalization of $257.42 million, a P/E ratio of 47.35 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.04 and a current ratio of 1.05. GEN Restaurant Group has a twelve month low of $5.61 and a twelve month high of $14.46. The company’s 50-day moving average price is $8.52 and its 200 day moving average price is $9.22.

Analysts Set New Price Targets

Separately, Roth Mkm dropped their price target on GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating on the stock in a research report 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.