Maxim Group Reiterates Buy Rating for Good Times Restaurants Inc. (GTIM)
Good Times Restaurants Inc. (NASDAQ:GTIM)‘s stock had its “buy” rating reaffirmed by stock analysts at Maxim Group in a research note issued on Tuesday. They currently have a $6.00 target price on the restaurant operator’s stock. Maxim Group’s target price suggests a potential upside of 96.72% from the company’s current price.
A number of other analysts have also recently commented on GTIM. Zacks Investment Research cut Good Times Restaurants from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. TheStreet cut Good Times Restaurants from a “c-” rating to a “d” rating in a research report on Friday, August 11th.
Shares of Good Times Restaurants (GTIM) traded up 4.92% on Tuesday, reaching $3.20. The company’s stock had a trading volume of 5,830 shares. The company’s 50-day moving average is $2.81 and its 200 day moving average is $3.21. Good Times Restaurants has a 12-month low of $2.50 and a 12-month high of $3.78. The company’s market capitalization is $39.77 million.
Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings data on Thursday, August 10th. The restaurant operator reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03). The firm had revenue of $21.70 million for the quarter, compared to analysts’ expectations of $21.70 million. Good Times Restaurants had a negative net margin of 2.25% and a negative return on equity of 4.44%. Equities analysts anticipate that Good Times Restaurants will post ($0.19) earnings per share for the current fiscal year.
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In other Good Times Restaurants news, Director Alan A. Teran acquired 9,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average price of $2.90 per share, with a total value of $26,100.00. Following the completion of the purchase, the director now directly owns 40,877 shares in the company, valued at approximately $118,543.30. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders bought 44,706 shares of company stock valued at $123,035. Corporate insiders own 8.37% of the company’s stock.
An institutional investor recently raised its position in Good Times Restaurants stock. Granite Point Capital Management L.P. lifted its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,050 shares of the restaurant operator’s stock after acquiring an additional 16,300 shares during the period. Granite Point Capital Management L.P. owned 2.22% of Good Times Restaurants worth $969,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 32.72% of the company’s stock.
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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