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

GEN Restaurant Group (NASDAQ:GENK) issued its earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $49.11 million during the quarter, compared to the consensus estimate of $49.90 million. During the same period in the prior year, the business posted $0.08 EPS.

GEN Restaurant Group Price Performance

GENK stock traded down $2.36 during trading on Wednesday, reaching $7.86. 332,689 shares of the company were exchanged, compared to its average volume of 59,267. GEN Restaurant Group has a 52-week low of $5.61 and a 52-week high of $14.46. 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 company has a market cap of $257.42 million, a P/E ratio of 47.35 and a beta of 2.12. The stock’s 50 day moving average price is $8.52 and its 200 day moving average price is $9.22.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm dropped their price objective on 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.