Good Times Restaurants’ (GTIM) “Buy” Rating Reaffirmed at Maxim Group
Good Times Restaurants Inc. (NASDAQ:GTIM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Maxim Group in a report issued on Friday. They currently have a $6.00 price objective on the restaurant operator’s stock. Maxim Group’s price target indicates a potential upside of 84.62% from the company’s current price.
GTIM has been the subject of several other research reports. Zacks Investment Research downgraded Good Times Restaurants from a “buy” rating to a “hold” rating in a research note on Friday, April 14th. ValuEngine upgraded Good Times Restaurants from a “sell” rating to a “hold” rating in a research note on Friday, May 19th.
Good Times Restaurants (NASDAQ GTIM) opened at 3.25 on Friday. The company has a 50-day moving average price of $3.43 and a 200-day moving average price of $3.29. The firm’s market cap is $39.97 million. Good Times Restaurants has a 1-year low of $2.80 and a 1-year high of $3.78.
Good Times Restaurants (NASDAQ:GTIM) last issued its earnings results on Thursday, August 10th. The restaurant operator reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by $0.03. Good Times Restaurants had a negative return on equity of 2.32% and a negative net margin of 1.24%. On average, equities research analysts forecast that Good Times Restaurants will post ($0.16) EPS for the current fiscal year.
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An institutional investor recently raised its position in Good Times Restaurants stock. Granite Point Capital Management L.P. increased its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 filing with the SEC. 33.10% of the stock is currently owned by institutional investors.
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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