Gen Restaurant Group price target lowered to $3 from $5 at Roth Capital

Roth Capital analyst George Kelly lowered the firm’s price target on Gen Restaurant Group (GENK) to $3 from $5 and keeps a Buy rating on the shares. The firm is resetting estimates lower following the company’s weak Q3 report in mid-November. Conditions remain challenged due to competitive and industry-wide pressures, and Roth’s updated 2026 estimates now reflect fewer net openings as management slows new builds. Restaurant level profitability and cash-on-cash return remain solid, but until comparable sales trends stabilize the stock is likely to remain range-bound, the firm argues.