GEN Restaurant Group (NASDAQ:GENK) Issues Earnings Results

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

GEN Restaurant Group Trading Down 19.1 %

Shares of GENK opened at $8.27 on Thursday. GEN Restaurant Group has a fifty-two week low of $5.61 and a fifty-two week high of $14.46. The stock has a fifty day moving average of $8.51 and a two-hundred day moving average of $9.21. 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 capitalization of $270.84 million, a PE ratio of 48.65 and a beta of 2.12.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm cut their price objective on GEN Restaurant Group from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, August 1st.

About GEN Restaurant Group

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.