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.

ILLEGAL ACTIVITY NOTICE: This piece was posted by Stock Observer and is owned by of Stock Observer. If you are reading this piece on another site, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this piece can be read at https://www.thestockobserver.com/2018/02/06/good-times-restaurants-gtim-downgraded-by-zacks-investment-research-to-hold.html.

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.

Get a free copy of the Zacks research report on Good Times Restaurants (GTIM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Good Times Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Good Times Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply