Zacks Investment Research downgraded shares of Good Times Restaurants Inc. (NASDAQ:GTIM) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

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. “

A number of other equities research analysts have also recently commented on the stock. Maxim Group reiterated a buy rating on shares of Good Times Restaurants in a report on Thursday, July 6th. ValuEngine cut shares of Good Times Restaurants from a hold rating to a sell rating in a report on Friday, June 2nd.

Good Times Restaurants (NASDAQ GTIM) opened at 3.35 on Wednesday. Good Times Restaurants has a 52 week low of $2.80 and a 52 week high of $4.48. The stock’s market cap is $41.19 million. The stock has a 50 day moving average price of $3.39 and a 200-day moving average price of $3.23.

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About Good Times Restaurants

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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