Good Times Restaurants (GTIM) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Good Times Restaurants (NASDAQ:GTIM) from a strong-buy rating to a hold rating in a research report report published on Tuesday.

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. “

Other analysts also recently issued reports about the company. ValuEngine upgraded Good Times Restaurants from a hold rating to a buy rating in a research note on Saturday, July 14th. Maxim Group boosted their price target on Good Times Restaurants from $6.00 to $7.00 and gave the company a buy rating in a research note on Tuesday, July 10th. Finally, TheStreet upgraded Good Times Restaurants from a d+ rating to a c rating in a research note on Friday, August 17th.

Shares of GTIM stock traded down $0.01 during trading on Tuesday, reaching $4.29. 9,246 shares of the company’s stock were exchanged, compared to its average volume of 24,154. The company has a current ratio of 0.64, a quick ratio of 0.53 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $54.00 million, a PE ratio of -23.83 and a beta of 0.15. Good Times Restaurants has a twelve month low of $2.25 and a twelve month high of $5.25.

Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings results on Thursday, August 9th. The restaurant operator reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $26.18 million during the quarter. Good Times Restaurants had a negative return on equity of 3.72% and a negative net margin of 1.45%. As a group, sell-side analysts predict that Good Times Restaurants will post -0.11 EPS for the current fiscal year.

An institutional investor recently raised its position in Good Times Restaurants stock. Renaissance Technologies LLC boosted its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 24.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 131,670 shares of the restaurant operator’s stock after purchasing an additional 25,670 shares during the quarter. Renaissance Technologies LLC owned about 1.06% of Good Times Restaurants worth $494,000 at the end of the most recent reporting period. 15.75% of the stock is owned by hedge funds and other institutional investors.

Good Times Restaurants Company Profile

Good Times Restaurants Inc, through its subsidiaries, engages in restaurant business in the United States. It operates Good Times Burgers & Frozen Custard, a regional chain of quick service restaurants; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full service, upscale ‘small box' restaurant concept.

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