Good Times Restaurants (NASDAQ:GTIM) Lifted to Hold at Zacks Investment Research
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. “
Separately, ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $5.17.
Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings results on Thursday, May 9th. The restaurant operator reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $27.17 million during the quarter. Good Times Restaurants had a negative net margin of 1.44% and a negative return on equity of 4.25%. As a group, research analysts expect that Good Times Restaurants will post -0.09 earnings per share for the current year.
An institutional investor recently raised its position in Good Times Restaurants stock. Acadian Asset Management LLC boosted its stake in Good Times Restaurants Inc. (NASDAQ:GTIM) by 36.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,879 shares of the restaurant operator’s stock after buying an additional 7,708 shares during the period. Acadian Asset Management LLC owned 0.23% of Good Times Restaurants worth $72,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 15.30% of the company’s stock.
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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