Zacks Investment Research cut shares of Good Times Restaurants (NASDAQ:GTIM) from a strong-buy rating to a hold rating in a research note released on Tuesday 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. “

Several other equities research analysts have also recently commented on GTIM. TheStreet upgraded Good Times Restaurants from a d+ rating to a c rating in a research note on Friday, August 17th. ValuEngine upgraded Good Times Restaurants from a hold rating to a buy rating in a research note on Saturday, July 14th. Finally, Maxim Group upped their price target on Good Times Restaurants from $6.00 to $7.00 and gave the stock a buy rating in a research note on Tuesday, July 10th.

Shares of Good Times Restaurants stock remained flat at $$4.30 during trading hours on Tuesday. The stock had a trading volume of 9,668 shares, compared to its average volume of 23,968. Good Times Restaurants has a twelve month low of $2.25 and a twelve month high of $5.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.64 and a quick ratio of 0.53.

Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings results on Thursday, August 9th. The restaurant operator reported $0.02 EPS for the quarter. Good Times Restaurants had a negative return on equity of 3.72% and a negative net margin of 1.45%. The business had revenue of $26.18 million during the quarter. As a group, sell-side analysts anticipate that Good Times Restaurants will post -0.11 EPS for the current fiscal year.

An institutional investor recently raised its position in Good Times Restaurants stock. Renaissance Technologies LLC lifted its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 24.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,670 shares of the restaurant operator’s stock after purchasing an additional 25,670 shares during the quarter. Renaissance Technologies LLC owned about 1.06% of Good Times Restaurants worth $494,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 15.75% of the company’s stock.

About Good Times Restaurants

Good Times Restaurants Inc, through its subsidiaries, engages in restaurant business in the United States. It operates Good Times Burgers & Frozen Custard, a regional chain of quick service restaurants; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full service, upscale ‘small box' restaurant concept.

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