Zacks: Analysts Expect Good Times Restaurants Inc. (GTIM) to Post -$0.07 Earnings Per Share
Equities research analysts expect Good Times Restaurants Inc. (NASDAQ:GTIM) to post earnings per share of ($0.07) for the current quarter, according to Zacks. Zero analysts have made estimates for Good Times Restaurants’ earnings. Good Times Restaurants reported earnings per share of ($0.05) in the same quarter last year, which indicates a negative year over year growth rate of 40%. The company is expected to issue its next quarterly earnings results on Thursday, February 8th.
On average, analysts expect that Good Times Restaurants will report full year earnings of ($0.13) per share for the current fiscal year, with EPS estimates ranging from ($0.13) to ($0.12). Zacks’ EPS averages are an average based on a survey of research analysts that cover Good Times Restaurants.
GTIM has been the topic of several recent analyst reports. Maxim Group reaffirmed a “buy” rating and set a $6.00 price objective on shares of Good Times Restaurants in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of Good Times Restaurants from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a report on Wednesday.
Good Times Restaurants (GTIM) opened at $2.50 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 0.89. Good Times Restaurants has a twelve month low of $2.25 and a twelve month high of $3.78.
A hedge fund recently raised its stake in Good Times Restaurants stock. Granite Point Capital Management L.P. lifted its holdings in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.3% during the 2nd quarter, according to the company in its most recent Form 13F filing 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 approximately 2.22% of Good Times Restaurants worth $969,000 as of its most recent filing with the Securities and Exchange Commission. 32.40% of the stock is owned by institutional investors and hedge funds.
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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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