GEN Restaurant Group Price Target Adjusted by Benchmark

GEN Restaurant Group (NASDAQ:GENK) has seen a revision in its price target by analysts from Benchmark, who reduced it from $14.00 to $11.00 in a recent research note. This adjustment reflects the firm's ongoing opinion of the stock, maintaining a "buy" rating for investors.

The new price target suggests that there is potential for a 59.33% upside from the company's last closing price. This indicates that analysts still have a positive outlook on GEN Restaurant Group despite the adjustment.

Recent Trading Activity

On Friday, shares of GENK were trading upward, increasing by $1.81 to reach $6.90. During the trading session, a total of 933,668 shares changed hands, significantly higher than the average volume of 68,486 shares. The current 50-day simple moving average stands at $6.43, while the 200-day moving average is at $7.74.

Over the last year, GEN Restaurant Group has fluctuated in stock price, with a low of $5.00 and a high of $14.46. The company's total market capitalization is approximately $226.45 million. Their price-to-earnings ratio is noted at 40.18, alongside a beta of 1.89. Additionally, the firm has a debt-to-equity ratio of 0.12, with liquidity ratios including a quick ratio of 0.87 and a current ratio of 0.91.

Latest Earnings Results

In its most recent earnings report released on March 6, GEN Restaurant Group reported earnings of ($0.02) per share, which fell short of the analysts' consensus estimate of ($0.01) by $0.01. The company had a net margin of 0.39% and a return on equity of 1.83%. For the quarter, GEN Restaurant Group generated revenue of $54.65 million, surpassing the consensus estimate of $49.77 million. Analysts anticipate that the company will post an earnings per share of 0.01 for the current year.

Insider Transactions

Recently, in related news, CEO David Wook Jin Kim purchased 4,277 shares of the company’s stock on December 19, at an average price of $7.36 per share. This transaction, valued at approximately $31,478.72, increased his holdings in the company to 151,870 shares, worth around $1,117,763.20. This reflects a 2.90% increase in his ownership of the stock. The transaction details were filed with the Securities and Exchange Commission. Currently, corporate insiders hold about 61.13% of the stock.

Institutional Ownership

Several institutional investors have modified their investments in GEN Restaurant Group recently. Bard Associates Inc. increased its stake by 1.7% during the third quarter, owning 175,676 shares valued at $1,483,000 after purchasing an additional 2,956 shares. Wasatch Advisors LP raised its holdings by 72.7%, now owning 838,451 shares worth $7,077,000 following an additional purchase of 352,922 shares. Portolan Capital Management LLC also boosted its position in the company by 1.8% in the same quarter, acquiring 372,759 shares valued at $3,146,000 after buying an additional 6,641 shares.

Other notable investors include Geode Capital Management LLC, which increased its holdings by 5.5%, and Sanders Morris Harris LLC, which raised its stake by 14.3% during the fourth quarter. Altogether, hedge funds and other institutional investors own about 10.22% of the company's stock.

About GEN Restaurant Group

GEN Restaurant Group, Inc operates a variety of restaurants across several states, including California, Arizona, Hawaii, Nevada, Texas, New York, and Florida. The company, founded in 2011 and based in Cerritos, California, specializes in offering a selection of meats, poultry, and seafood.

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