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, TheStreet raised shares of Good Times Restaurants from a sell rating to a hold rating in a research report on Thursday, August 11th.
Shares of Good Times Restaurants (NASDAQ:GTIM) opened at 3.25 on Tuesday. The firm’s market cap is $39.92 million. Good Times Restaurants has a 12 month low of $2.75 and a 12 month high of $6.69. The company’s 50-day moving average price is $3.46 and its 200-day moving average price is $3.62.
Good Times Restaurants (NASDAQ:GTIM) last posted its earnings results on Wednesday, August 10th. The company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Good Times Restaurants had a negative net margin of 2.11% and a negative return on equity of 3.48%. On average, analysts predict that Good Times Restaurants will post ($0.13) EPS for the current year.
Several institutional investors have recently bought and sold shares of GTIM. Geode Capital Management LLC boosted its position in Good Times Restaurants by 8.1% in the first quarter. Geode Capital Management LLC now owns 56,983 shares of the company’s stock valued at $226,000 after buying an additional 4,255 shares in the last quarter. Granite Point Capital Management L.P. bought a new stake in Good Times Restaurants during the second quarter worth approximately $1,109,000. Finally, Vanguard Group Inc. boosted its stake in Good Times Restaurants by 0.4% in the second quarter. Vanguard Group Inc. now owns 237,088 shares of the company’s stock worth $827,000 after buying an additional 1,035 shares during the period. 32.21% of the stock is currently owned by hedge funds and other institutional investors.
Good Times Restaurants Company Profile
Good Times Restaurants Inc operates and franchises Good Times Burgers & Frozen Custard restaurants and Bad Daddy’s Burger Bar concept. The Company operates through two business segments: Good Times Burgers and Frozen Custard restaurants (Good Times) and Bad Daddy’s Burger Bar restaurants (Bad Daddy’s).
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