Gen Restaurant Group price target lowered to $11 from $14 at Benchmark

Benchmark lowered the firm’s price target on Gen Restaurant Group (GENK) to $11 from $14 and keeps a Buy rating on the shares after Q4 revenue and same-store sales were better than expected, largely offset by restaurant-level profitability that was 20 basis points lower than expected. The firm attributes its lower target to a more conservative margin profile for Gen Restaurant in FY25.