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

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

GEN Restaurant Group Trading Down 0.2 %

NASDAQ:GENK opened at $8.25 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.04 and a current ratio of 1.05. The firm has a 50-day simple moving average of $8.51 and a 200-day simple moving average of $9.21. GEN Restaurant Group has a one year low of $5.61 and a one year high of $14.46. The firm has a market cap of $270.19 million, a P/E ratio of 48.53 and a beta of 2.12.

Analyst Ratings Changes

Separately, Roth Mkm cut their price target on shares of 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 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.