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

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

GEN Restaurant Group Trading Down 0.2 %

NASDAQ:GENK traded down $0.02 during mid-day trading on Tuesday, hitting $8.13. 7,313 shares of the company’s stock were exchanged, compared to its average volume of 60,705. The company has a 50 day simple moving average of $8.51 and a 200-day simple moving average of $9.10. The company has a current ratio of 0.91, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12. GEN Restaurant Group has a fifty-two week low of $5.61 and a fifty-two week high of $14.46. The firm has a market capitalization of $266.66 million, a P/E ratio of 47.82 and a beta of 2.12.

Insider Buying and Selling

In related news, CEO David Wook Jin Kim acquired 3,954 shares of the stock in a transaction dated Thursday, November 21st. The stock was bought at an average price of $7.90 per share, for a total transaction of $31,236.60. Following the purchase, the chief executive officer now directly owns 135,093 shares of the company’s stock, valued at $1,067,234.70. The trade was a 3.02 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 61.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on GENK. Benchmark reissued a “buy” rating and issued a $14.00 price objective on shares of GEN Restaurant Group in a research report on Monday, November 18th. Roth Mkm dropped their price objective on shares of 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.

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.