1- Go to Theme Options – General settings
2- Scroll down and find Blog listing layout and select Grid
3- Select Entry settings tab
4- Scroll down and check Use excerpt summary post and Enable featured thumbnail
5- Setup Width and Height for featured thumbnail size

Recommended Featured Image size is 760px (width) x 300px (height) and above

6- Click Save settings

Once you updated the Featured Image size, kindly install Force Regenerate Thumbnails plugin to regenerate your Featured Image size. Go to Tools – Force Regenerate Thumbnail to regenerate all your thumbnail sizes.