Good Times Restaurants Inc. Expected to Post FY2018 Earnings of ($0.20) Per Share (GTIM)
Good Times Restaurants Inc. (NASDAQ:GTIM) – Equities researchers at Dougherty & Co issued their FY2018 earnings per share estimates for shares of Good Times Restaurants in a research note issued to investors on Thursday. Dougherty & Co analyst J. Hamblin anticipates that the restaurant operator will post earnings per share of ($0.20) for the year.
Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings results on Thursday, August 10th. The restaurant operator reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.03. The firm had revenue of $21.70 million for the quarter, compared to the consensus estimate of $21.70 million. Good Times Restaurants had a negative net margin of 2.25% and a negative return on equity of 4.44%.
A number of other analysts have also issued reports on GTIM. Zacks Investment Research raised Good Times Restaurants from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Monday, May 15th. ValuEngine raised Good Times Restaurants from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. Maxim Group started coverage on Good Times Restaurants in a research note on Thursday, June 22nd. They issued a “buy” rating on the stock. Finally, TheStreet lowered Good Times Restaurants from a “c-” rating to a “d” rating in a research note on Friday, August 11th.
Shares of Good Times Restaurants (NASDAQ:GTIM) remained flat at $2.90 on Friday. 7,657 shares of the company traded hands. The company’s 50 day moving average price is $3.36 and its 200-day moving average price is $3.28. Good Times Restaurants has a 1-year low of $2.60 and a 1-year high of $3.78. The stock’s market cap is $36.04 million.
In other news, Director Alan A. Teran purchased 9,000 shares of the stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average cost 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 of the company’s stock, valued at approximately $118,543.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought 18,800 shares of company stock worth $55,124 over the last ninety days. 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. increased its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 273,050 shares of the restaurant operator’s stock after buying an additional 16,300 shares during the period. Granite Point Capital Management L.P. owned 2.22% of Good Times Restaurants worth $969,000 as of its most recent SEC filing. 33.01% of the stock is currently owned by institutional investors and hedge funds.
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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