Good Times Restaurants Inc. (GTIM) Raised to “Hold” at Zacks Investment Research
Good Times Restaurants Inc. (NASDAQ:GTIM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note 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 shares of Good Times Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th.
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Shares of Good Times Restaurants (NASDAQ:GTIM) traded down 6.15% during mid-day trading on Monday, hitting $3.05. The stock had a trading volume of 120,530 shares. The firm’s 50 day moving average price is $3.44 and its 200-day moving average price is $3.60. The company’s market cap is $37.46 million. Good Times Restaurants has a one year low of $2.75 and a one year high of $6.69.
Good Times Restaurants (NASDAQ:GTIM) last announced its earnings results on Wednesday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. Good Times Restaurants had a negative net margin of 2.11% and a negative return on equity of 3.48%. On average, equities research analysts anticipate that Good Times Restaurants will post ($0.13) earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased 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. Granite Point Capital Management L.P. bought a new position in Good Times Restaurants during the second quarter worth $1,109,000. Finally, Vanguard Group Inc. increased 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 currently owned by institutional investors and hedge funds.
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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