Gen Restaurant Group Price Target Cut to $3 by Roth Capital

Gen Restaurant Group's price target has been lowered to $3 from $5 by Roth Capital analyst George Kelly, who maintains a Buy rating on the shares. The firm has reset its estimates lower following the company's weak Q3 report and now reflects fewer net openings due to management slowing new builds. Restaurant level profitability and cash-on-cash return remain solid, but the stock is likely to remain range-bound until comparable sales trends stabilize.