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 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 upgraded Good Times Restaurants from a “sell” rating to a “hold” rating in a research note on Thursday, August 11th.
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Good Times Restaurants (NASDAQ:GTIM) traded down 6.15% during midday trading on Monday, hitting $3.05. The company had a trading volume of 120,530 shares. Good Times Restaurants has a 1-year low of $2.75 and a 1-year high of $6.69. The firm’s market capitalization is $37.46 million. The company has a 50 day moving average price of $3.44 and a 200 day moving average price of $3.60.
Good Times Restaurants (NASDAQ:GTIM) last issued its earnings results on Wednesday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ 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%. Equities research analysts forecast that Good Times Restaurants will post ($0.13) earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in GTIM. 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 last quarter. 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 last quarter. Finally, Granite Point Capital Management L.P. bought a new position in Good Times Restaurants during the second quarter worth $1,109,000. Institutional investors and hedge funds 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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