Good Times Restaurants (GTIM) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Good Times Restaurants (NASDAQ:GTIM) from a buy rating to a hold rating in a research note published on Saturday.

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, Maxim Group reaffirmed a buy rating and set a $6.00 target price on shares of Good Times Restaurants in a research report on Friday.

Shares of Good Times Restaurants (GTIM) opened at $2.35 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.88 and a debt-to-equity ratio of 0.14. Good Times Restaurants has a 1 year low of $2.25 and a 1 year high of $3.78.

Good Times Restaurants (NASDAQ:GTIM) last issued its earnings results on Thursday, December 7th. The restaurant operator reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.02. The business had revenue of $22.58 million during the quarter. Good Times Restaurants had a negative return on equity of 5.92% and a negative net margin of 2.59%. research analysts anticipate that Good Times Restaurants will post -0.12 earnings per share for the current fiscal year.

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Good Times Restaurants Company Profile

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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