Good Times Restaurants (GTIM) Issues Earnings Results
Good Times Restaurants (NASDAQ:GTIM) posted its earnings results on Thursday. The restaurant operator reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.06, reports. Good Times Restaurants had a negative return on equity of 4.44% and a negative net margin of 2.25%.
Good Times Restaurants (GTIM) traded down $0.05 during mid-day trading on Thursday, reaching $2.45. The company’s stock had a trading volume of 23,216 shares, compared to its average volume of 21,591. The company has a current ratio of 1.01, a quick ratio of 0.89 and a debt-to-equity ratio of 0.11. Good Times Restaurants has a 12 month low of $2.25 and a 12 month high of $3.78.
A number of equities research analysts have issued reports on the company. Maxim Group reiterated a “buy” rating and issued a $6.00 target price on shares of Good Times Restaurants in a research note on Friday, August 11th. Zacks Investment Research upgraded Good Times Restaurants from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, TheStreet cut Good Times Restaurants from a “c-” rating to a “d” rating in a research note on Friday, August 11th.
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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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