Good Times Restaurants Inc. (GTIM) Rating Lowered to Sell at Zacks Investment Research
Good Times Restaurants Inc. (NASDAQ:GTIM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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 upgraded Good Times Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th.
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Shares of Good Times Restaurants (NASDAQ:GTIM) traded down 1.54% during trading on Tuesday, reaching $3.20. The company’s stock had a trading volume of 33,454 shares. The company’s market cap is $39.30 million. Good Times Restaurants has a 52 week low of $2.75 and a 52 week high of $6.99. The stock’s 50 day moving average price is $3.47 and its 200 day moving average price is $3.62.
Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings data on Wednesday, August 10th. The company reported $0.04 EPS for the quarter, beating 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%. Equities research analysts predict that Good Times Restaurants will post ($0.13) EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. 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 during 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 during the last quarter. Finally, Granite Point Capital Management L.P. bought a new stake in Good Times Restaurants during the second quarter worth $1,109,000. Hedge funds and other institutional investors own 32.21% of the company’s stock.
Good Times Restaurants Company Profile
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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