Good Times Restaurants (NASDAQ:GTIM) Downgraded by Zacks Investment Research to “Sell”
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. “
GTIM has been the topic of several other research reports. ValuEngine downgraded shares of Good Times Restaurants from a buy rating to a hold rating in a report on Wednesday, September 4th. Stephens upped their target price on shares of Good Times Restaurants from $4.00 to $5.50 and gave the stock an overweight rating in a research note on Monday, August 12th. Finally, Maxim Group set a $6.00 target price on shares of Good Times Restaurants and gave the stock a buy rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Good Times Restaurants currently has a consensus rating of Hold and an average price target of $4.83.
Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). Good Times Restaurants had a negative return on equity of 3.69% and a negative net margin of 1.18%. The business had revenue of $29.46 million for the quarter. As a group, research analysts expect that Good Times Restaurants will post -0.16 earnings per share for the current year.
Good Times Restaurants Company Profile
Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. The company 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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