Brokers Issue Forecasts for Good Times Restaurants Inc.’s Q3 2018 Earnings (GTIM)

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Good Times Restaurants Inc. (NASDAQ:GTIM) – Investment analysts at Dougherty & Co raised their Q3 2018 earnings per share estimates for shares of Good Times Restaurants in a research note issued to investors on Wednesday, June 20th. Dougherty & Co analyst J. Hamblin now forecasts that the restaurant operator will post earnings of ($0.01) per share for the quarter, up from their previous forecast of ($0.02). Dougherty & Co also issued estimates for Good Times Restaurants’ FY2018 earnings at ($0.11) EPS and FY2019 earnings at ($0.03) EPS.

Good Times Restaurants (NASDAQ:GTIM) last announced its earnings results on Thursday, May 10th. The restaurant operator reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.01. Good Times Restaurants had a negative net margin of 2.13% and a negative return on equity of 5.21%. The business had revenue of $23.51 million during the quarter.

GTIM has been the subject of a number of other reports. Zacks Investment Research cut shares of Good Times Restaurants from a “hold” rating to a “sell” rating in a report on Monday, March 19th. ValuEngine raised shares of Good Times Restaurants from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd.

Shares of GTIM stock opened at $3.80 on Friday. Good Times Restaurants has a 12 month low of $2.25 and a 12 month high of $4.05. The company has a quick ratio of 0.66, a current ratio of 0.78 and a debt-to-equity ratio of 0.14.

Several hedge funds and other institutional investors have recently made changes to their positions in GTIM. Macquarie Group Ltd. increased its stake in shares of Good Times Restaurants by 160.0% in the fourth quarter. Macquarie Group Ltd. now owns 37,861 shares of the restaurant operator’s stock worth $100,000 after purchasing an additional 23,301 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Good Times Restaurants in the fourth quarter worth $114,000. Finally, Renaissance Technologies LLC increased its stake in shares of Good Times Restaurants by 437.4% in the fourth quarter. Renaissance Technologies LLC now owns 74,700 shares of the restaurant operator’s stock worth $198,000 after purchasing an additional 60,800 shares in the last quarter. 26.94% of the stock is owned by hedge funds and other institutional investors.

About Good Times Restaurants

Good Times Restaurants Inc, through its subsidiaries, engages in restaurant business in the United States. It 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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