GEN Restaurant Group (NASDAQ:GENK) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

GEN Restaurant Group (NASDAQ:GENK) issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02, Zacks reports. GEN Restaurant Group had a return on equity of 1.83% and a net margin of 0.39%. The firm had revenue of $49.11 million during the quarter, compared to analyst estimates of $49.90 million. During the same period last year, the company posted $0.08 EPS.

GEN Restaurant Group Stock Performance

NASDAQ:GENK traded up $0.17 during midday trading on Friday, reaching $7.93. The stock had a trading volume of 75,800 shares, compared to its average volume of 60,495. The stock has a market capitalization of $259.70 million, a P/E ratio of 47.76 and a beta of 2.12. GEN Restaurant Group has a 1-year low of $5.61 and a 1-year high of $14.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.72. The firm’s fifty day simple moving average is $8.53 and its 200-day simple moving average is $9.14.

Wall Street Analyst Weigh In

GENK has been the subject of several recent research reports. Benchmark reissued a “buy” rating and set a $14.00 target price on shares of GEN Restaurant Group in a research note on Monday. Roth Mkm cut their price objective on GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, August 1st.

GEN Restaurant Group Company Profile

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.