Craig-Hallum Starts GEN Restaurant Group (GENK) at Buy, 'Massive growth potential'

Craig-Hallum analyst Jeremy Hamblin initiates coverage on GEN Restaurant Group (NASDAQ: GENK) with a Buy rating and a price target of $30.00.

The analyst comments "Massive growth potential and compelling valuation point to potential for a 10-bagger. Initiating coverage with a Buy rating and $30 Price Target. GENK screens among the most attractive growth stocks within the restaurant sector but trades at a 27% discount to peers. We believe the company can avg. 20%+ growth for at least the next 7 to 8 years with mid-teens EBITDA margins or $136M in EBITDA by FY30. Our $30 price target is based on 26x our FY25 EBITDA estimate of $35M, in-line with high growth restaurant peers."

For an analyst ratings summary and ratings history on GEN Restaurant Group click here. For more ratings news on GEN Restaurant Group click here.

Shares of GEN Restaurant Group closed at $17.17 yesterday.

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