Good Times Restaurants (NASDAQ:GTIM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a $2.75 price objective on the restaurant operator’s stock. Zacks Investment Research‘s target price points to a potential upside of 7.84% from the company’s previous close.
According to Zacks, “Good Times Restaurants Inc. is a holding company. Through its wholly-owned subsidiary, they are engaged in the business of developing, owning, operating and franchising restaurants under the name Good Times Drive Thru Burgers. Good Times DriveThru Burgers restaurants are owned, operated and franchised by their subsidiary, Good Times Drive Thru Inc. Good Times Drive Thru Burgers restaurants feature a limited menu for drive-through and walk-up customers. “
Separately, Maxim Group restated a “buy” rating and issued a $6.00 price objective on shares of Good Times Restaurants in a report on Wednesday, January 3rd.
Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings results on Thursday, December 7th. The restaurant operator reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $22.58 million for the quarter. Good Times Restaurants had a negative return on equity of 5.92% and a negative net margin of 2.59%. equities analysts predict that Good Times Restaurants will post -0.12 earnings per share for the current year.
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Good Times Restaurants Company Profile
Good Times Restaurants Inc operates and franchises Good Times Burgers & Frozen Custard (Good Times) restaurants and Bad Daddy’s Burger Bar concept (Bad Daddy’s). The Company operates through two segments: Good Times Burgers and Frozen Custard restaurants, and Bad Daddy’s Burger Bar restaurants. Good Times is a quick service restaurant concept.
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