Good Times Restaurants (NASDAQ:GTIM) Downgraded by Zacks Investment Research

Good Times Restaurants (NASDAQ:GTIM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, reports.

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 research analysts have also issued reports on the company. Stephens lifted their target price on Good Times Restaurants from $4.00 to $5.50 and gave the stock an “overweight” rating in a report on Monday, August 12th. Maxim Group set a $6.00 target price on Good Times Restaurants and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, ValuEngine raised Good Times Restaurants from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $4.83.

NASDAQ:GTIM opened at $1.82 on Wednesday. The business’s 50-day moving average price is $1.73 and its 200 day moving average price is $1.96. The firm has a market cap of $22.83 million, a P/E ratio of -22.75 and a beta of 0.72. Good Times Restaurants has a 52-week low of $1.46 and a 52-week high of $4.82. The company has a quick ratio of 0.44, a current ratio of 0.58 and a debt-to-equity ratio of 0.33.

Good Times Restaurants (NASDAQ:GTIM) last released its earnings results on Thursday, August 8th. The restaurant operator reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $29.46 million for the quarter. Good Times Restaurants had a negative return on equity of 3.69% and a negative net margin of 1.18%. Sell-side analysts expect that Good Times Restaurants will post -0.16 EPS for the current year.

About Good Times Restaurants

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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