Zacks Investment Research Upgrades Good Times Restaurants Inc. (GTIM) to “Hold”
Good Times Restaurants Inc. (NASDAQ:GTIM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.
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) traded down 6.15% during trading on Monday, hitting $3.05. 120,530 shares of the company were exchanged. Good Times Restaurants has a 12 month low of $2.75 and a 12 month high of $6.69. The stock’s market cap is $37.46 million. The company’s 50-day moving average price is $3.44 and its 200 day moving average price is $3.60.
Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities analysts predict that Good Times Restaurants will post ($0.13) earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Granite Point Capital Management L.P. acquired a new position in Good Times Restaurants during the second quarter worth $1,109,000. Geode Capital Management LLC raised its position 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 during the period. Finally, Vanguard Group Inc. raised its position 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 during the period. 32.21% of the stock is owned by hedge funds and other 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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