Good Times Restaurants (GTIM) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Good Times Restaurants (NASDAQ: GTIM):

  • 10/8/2019 – Good Times Restaurants was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 10/2/2019 – Good Times Restaurants was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/26/2019 – Good Times Restaurants was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 9/19/2019 – Good Times Restaurants was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 9/12/2019 – Good Times Restaurants was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 9/4/2019 – Good Times Restaurants was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 8/12/2019 – Good Times Restaurants had its price target raised by analysts at Stephens from $4.00 to $5.50. They now have an “overweight” rating on the stock.
  • 8/9/2019 – Good Times Restaurants was given a new $6.00 price target on by analysts at Maxim Group. They now have a “buy” rating on the stock.

Shares of GTIM traded up $0.07 on Tuesday, reaching $1.75. The company has a market cap of $21.07 million, a PE ratio of -21.88 and a beta of 0.72. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.58 and a quick ratio of 0.44. Good Times Restaurants Inc. has a 1 year low of $1.46 and a 1 year high of $4.99. The company has a 50-day moving average price of $1.75 and a two-hundred day moving average price of $2.01.

Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $29.46 million for the quarter. Good Times Restaurants had a negative net margin of 1.18% and a negative return on equity of 3.69%. On average, research analysts anticipate that Good Times Restaurants Inc. will post -0.16 earnings per share for the current fiscal year.

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. The company operates Good Times Burgers & Frozen Custard, a regional chain of quick service restaurants; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full service, upscale, ‘small box' restaurant concept.

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