GEN Restaurant Group (NASDAQ:GENK) Releases Quarterly Earnings Results

GEN Restaurant Group (NASDAQ:GENKGet Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.10, Zacks reports. The business had revenue of $50.76 million for the quarter, compared to the consensus estimate of $47.90 million. GEN Restaurant Group had a net margin of 2.46% and a return on equity of 20.27%.

GEN Restaurant Group Stock Up 8.4 %

GEN Restaurant Group stock traded up $0.93 during midday trading on Wednesday, hitting $12.02. 176,308 shares of the stock were exchanged, compared to its average volume of 75,203. The company has a 50 day moving average price of $9.68 and a two-hundred day moving average price of $8.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.16 and a current ratio of 1.18. GEN Restaurant Group has a 1 year low of $5.61 and a 1 year high of $20.50.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Craig Hallum raised their target price on shares of GEN Restaurant Group from $10.00 to $13.50 and gave the stock a “buy” rating in a research report on Wednesday. Benchmark cut their target price on GEN Restaurant Group from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, January 17th. Finally, Roth Mkm reiterated a “buy” rating and issued a $14.00 target price (up previously from $10.00) on shares of GEN Restaurant Group in a report on Wednesday.

View Our Latest Analysis on GEN Restaurant Group

Insider Transactions at GEN Restaurant Group

In other GEN Restaurant Group news, major shareholder Jose Manzanarez bought 48,142 shares of GEN Restaurant Group stock in a transaction dated Monday, March 11th. The stock was bought at an average cost of $6.03 per share, for a total transaction of $290,296.26. Following the purchase, the insider now owns 115,593 shares in the company, valued at approximately $697,025.79. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, major shareholder Jose Manzanarez acquired 48,142 shares of GEN Restaurant Group stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average cost of $6.03 per share, for a total transaction of $290,296.26. Following the completion of the purchase, the insider now directly owns 115,593 shares of the company’s stock, valued at approximately $697,025.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Wook Jin Kim bought 6,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were acquired at an average cost of $8.05 per share, for a total transaction of $48,300.00. Following the completion of the acquisition, the chief executive officer now directly owns 130,093 shares of the company’s stock, valued at approximately $1,047,248.65. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 59,039 shares of company stock valued at $371,611.

GEN Restaurant Group Company Profile

(Get Free Report)

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.

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