GEN Restaurant Group (NASDAQ:GENK) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

GEN Restaurant Group (NASDAQ:GENK) posted its quarterly earnings data on Thursday. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01), Zacks reports. GEN Restaurant Group had a net margin of 0.39% and a return on equity of 1.83%. The business had revenue of $54.65 million for the quarter, compared to the consensus estimate of $49.77 million.

GEN Restaurant Group Stock Performance

Shares of GENK opened at $6.25 on Friday. GEN Restaurant Group has a one year low of $5.00 and a one year high of $14.46. The company has a 50-day moving average of $6.43 and a two-hundred day moving average of $7.74. The stock has a market cap of $205 million, a price-to-earnings ratio of 36.76 and a beta of 1.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.87.

Insiders Place Their Bets

In other news, CEO David Wook Jin Kim bought 4,277 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was bought at an average cost of $7.36 per share, for a total transaction of $31,478.72. Following the completion of the acquisition, the chief executive officer now directly owns 151,870 shares in the company, valued at $1,117,763.20. This represents a 2.90 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 61.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark reduced their price objective on shares of GEN Restaurant Group from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Friday.

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.