Good Times Restaurants Inc. (GTIM) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Good Times Restaurants Inc. (NASDAQ:GTIM) released its quarterly earnings results on Thursday. The restaurant operator reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.03, Bloomberg Earnings reports. The firm had revenue of $21.70 million during the quarter, compared to the consensus estimate of $21.70 million. Good Times Restaurants had a negative return on equity of 2.32% and a negative net margin of 1.24%.
Shares of Good Times Restaurants (GTIM) traded down 10.6338% on Friday, reaching $2.9044. 52,636 shares of the company traded hands. The firm’s market capitalization is $35.72 million. The stock has a 50-day moving average price of $3.43 and a 200 day moving average price of $3.29. Good Times Restaurants has a 1-year low of $2.80 and a 1-year high of $3.78.
Several research analysts have recently weighed in on GTIM shares. Zacks Investment Research cut shares of Good Times Restaurants from a “buy” rating to a “hold” rating in a report on Friday, April 14th. ValuEngine lowered shares of Good Times Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Maxim Group reiterated a “buy” rating and issued a $6.00 target price on shares of Good Times Restaurants in a research report on Thursday, July 20th.
A hedge fund recently raised its stake in Good Times Restaurants stock. Granite Point Capital Management L.P. increased its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm 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 about 2.22% of Good Times Restaurants worth $969,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 33.10% of the company’s stock.
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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