Zacks Investment Research lowered shares of Good Times Restaurants Inc. (NASDAQ:GTIM) from a hold rating to a sell rating in a research report released 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. “

Separately, TheStreet raised Good Times Restaurants from a sell rating to a hold rating in a research note on Thursday, August 11th.

Shares of Good Times Restaurants (NASDAQ:GTIM) opened at 3.20 on Tuesday. Good Times Restaurants has a 52 week low of $2.75 and a 52 week high of $6.99. The firm has a 50-day moving average price of $3.47 and a 200-day moving average price of $3.62. The stock’s market cap is $39.30 million.

Good Times Restaurants (NASDAQ:GTIM) last announced its earnings results on Wednesday, August 10th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Good Times Restaurants had a negative return on equity of 3.48% and a negative net margin of 2.11%. On average, analysts forecast that Good Times Restaurants will post ($0.13) earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Good Times Restaurants by 8.1% in the first quarter. Geode Capital Management LLC now owns 56,983 shares of the company’s stock worth $226,000 after buying an additional 4,255 shares in the last quarter. Vanguard Group Inc. increased its stake in Good Times Restaurants by 0.4% in the second quarter. Vanguard Group Inc. now owns 237,088 shares of the company’s stock worth $827,000 after buying an additional 1,035 shares in the last quarter. Finally, Granite Point Capital Management L.P. purchased a new stake in Good Times Restaurants during the second quarter worth approximately $1,109,000. 32.21% of the stock is currently owned by institutional investors.

About Good Times Restaurants

Good Times Restaurants Inc operates and franchises Good Times Burgers & Frozen Custard restaurants and Bad Daddy’s Burger Bar concept. The Company operates through two business segments: Good Times Burgers and Frozen Custard restaurants (Good Times) and Bad Daddy’s Burger Bar restaurants (Bad Daddy’s).

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