Dougherty & Co Comments on Good Times Restaurants Inc.’s Q1 2018 Earnings (GTIM)
Good Times Restaurants Inc. (NASDAQ:GTIM) – Analysts at Dougherty & Co issued their Q1 2018 earnings per share estimates for Good Times Restaurants in a research report issued on Sunday. Dougherty & Co analyst J. Hamblin expects that the restaurant operator will earn ($0.07) per share for the quarter.
A number of other equities research analysts also recently commented on the stock. Maxim Group restated a “buy” rating and issued a $6.00 price objective on shares of Good Times Restaurants in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Good Times Restaurants from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th.
Shares of Good Times Restaurants (NASDAQ:GTIM) traded down $0.02 during trading hours on Tuesday, reaching $2.50. 59,200 shares of the company were exchanged, compared to its average volume of 22,251. 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 1 year low of $2.25 and a 1 year high of $3.78.
A hedge fund recently raised its stake in Good Times Restaurants stock. Granite Point Capital Management L.P. grew its stake in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 273,050 shares of the restaurant operator’s stock after acquiring 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 reporting period. Hedge funds and other institutional investors own 32.40% 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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