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 note issued to investors 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 Good Times Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th.
Shares of Good Times Restaurants (NASDAQ:GTIM) opened at 2.95 on Monday. The company’s market cap is $36.23 million. Good Times Restaurants has a one year low of $2.75 and a one year high of $6.64. The company has a 50 day moving average price of $3.43 and a 200 day moving average price of $3.59.
Good Times Restaurants (NASDAQ:GTIM) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 expect that Good Times Restaurants will post ($0.13) earnings per share for the current year.
Several institutional investors have recently bought and sold shares of the company. Granite Point Capital Management L.P. acquired a new position in Good Times Restaurants during the second quarter valued at $1,109,000. Geode Capital Management LLC boosted 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 valued at $226,000 after buying an additional 4,255 shares in the last quarter. Finally, Vanguard Group Inc. boosted 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 valued at $827,000 after buying an additional 1,035 shares in the last quarter. 32.21% of the stock is 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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Good Times Restaurants Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Good Times Restaurants Inc. and related companies with MarketBeat.com's FREE daily email newsletter.