Good Times Restaurants Inc. (NASDAQ:GTIM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

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. “

A number of other equities research analysts have also commented on the company. Maxim Group restated a “buy” rating on shares of Good Times Restaurants in a research report on Thursday, July 6th. ValuEngine lowered Good Times Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.

Good Times Restaurants (GTIM) traded up 0.725% on Wednesday, reaching $3.475. The company had a trading volume of 1,672 shares. Good Times Restaurants has a one year low of $2.80 and a one year high of $4.48. The company has a 50-day moving average of $3.39 and a 200 day moving average of $3.23. The stock’s market cap is $42.73 million.

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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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